Finnifty Intraday Analysis for 16th September 2024NSE:CNXFINANCE
Index closed near 23980 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 12.59 Lakh
24200 Strike – 9.00 Lakh
24500 Strike – 8.10 Lakh
Put Writing
23600 Strike – 9.08 Lakh
23700 Strike – 8.56 Lakh
23900 Strike – 8.32 Lakh
Index has resistance near 24000 - 24100 range and if index crosses and sustains above 24100 level then may reach near 24300 - 24350 range.
Index has immediate support near 23900 – 23840 range and if this support is broken then index may tank near 23750 – 23700 range.