Finnifty Intraday Analysis for 04th November 2024

Nov 3

CNXFINANCE

Index closed near 23950 level and Maximum Call and Put Writing near CMP as below in current
weekly contract:

Call Writing
24300 Strike – 13.85 Lakh
24000 Strike – 12.53 Lakh
24200 Strike – 11.97 Lakh

Put Writing
23500 Strike – 9.73 Lakh
23900 Strike – 5.98 Lakh
23600 Strike – 5.89 Lakh

Index has resistance near 24150 - 24250 range and if index crosses and sustains above this level then may reach near 24350 - 24400 range.

Index has immediate support near 23800 – 23750 range and if this support is broken then index may tank near 23650 – 23550 range.

Nov 4

Trade closed: target reached

Open flat with high near 24000 then tank to low near 23605 and closed near 23665.