Finnifty Intraday Analysis for 18th April 2024

CNXFINANCE

Maximum Call writing is at 21000 strike with 2.12 Lakh followed by 1.49 Lakh Call at 21500 Strike. Maximum Put writing is at 3.44 Lakh at 21000 strike followed by 1.53 Lakh Put writing to nearer strike at 21000. The support level is shifting down to 21000 - 20800.

Index may face resistance near 21330 - 21400 level and less likely to cross 21800 level due to Israel Iran tension.

If Index has support near 21000 - 20950 level. If 21000 - 20950 support is broken then index may tank to 20825 - 20775 level. Any change will be updated if any new development arise due to Israel Iran war tension arises.

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Open high and faced resistance near 21225 then tanked to low near 20865 level.