Finnifty Intraday Analysis for 09th September 2024

Sep 8

CNXFINANCE

Index closed near 23530 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
24000 Strike – 17.80 Lakh
23800 Strike – 12.95 Lakh
24200 Strike – 10.88 Lakh

Put Writing
23000 Strike – 6.94 Lakh
23300 Strike – 5.70 Lakh
23500 Strike – 4.42 Lakh

Index has resistance near 23650 - 23750 range and if index crosses and sustains above 23750 level then may reach near 23900 - 23950 range.

Index has immediate support near 23500 – 23450 range and if this support is broken then index may tank near 23350 – 23300 range.

Sep 9

Trade closed: target reached

Open flat with low near 23460 and bounced and closed near 23720 near day high.