Finnifty Intraday Analysis for 30th August 2024

Aug 29CNXFINANCE

Index closed near 23580 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
24000 Strike – 6.61 Lakh
23600 Strike – 5.73 Lakh
23800 Strike – 5.69 Lakh

Put Writing
23500 Strike – 6.73 Lakh
23100 Strike – 5.51 Lakh
23600 Strike – 4.90 Lakh

Index has resistance near 23650 - 23700 range and if index crosses and sustain above 23700 level then may reach near 23800 - 23850 range.

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

Aug 30

Trade closed: target reached

Gap up opening with high near 23720 level but could not sustain and tanked with close near 23625.