Finnifty Intraday Analysis for 08th October 2024

Oct 7

CNXFINANCE

Index closed near 23220 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
24000 Strike – 26.88 Lakh
23800 Strike – 18.86 Lakh
23500 Strike – 13.57 Lakh

Put Writing
23000 Strike – 19.37 Lakh
23200 Strike – 8.71 Lakh
23100 Strike – 8.37 Lakh

Index has resistance near 23650 - 23750 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range.

Index has immediate support near 22950 – 22800 range and if this support is broken then index may tank near 22650 – 22550 range.

Oct 8

Trade closed: target reached

Gap up opening with low near 23215 and made high near 23510 with close near 23475.