Finnifty Intraday Analysis for 3rd July 2024

CNXFINANCE

Maximum Call writing near CMP is at 23500 strike with 3.08 Lakh followed by 1.30 Lakh at 24000 Strike and 1.60 Lakh at 23600 strike and Put writing of 3.40 Lakh at 23500 Strike followed by 1.51 Lakh at 23000 Strike and 1.14 Lakh at 23300 strike. Index is closed near 23500 level.

Index has resistance near 23700 – 23750 range and if index crosses and sustain above 23750 level then may reach near 24000 level.

Index has immediate support near 23250 level and if this support is broken then index may tank near 23100 – 23000 range.
Trade closed: target reached
Gap up opening above 23750 level and faced resistance near 24000 level.

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