Finnifty Intraday Analysis for 18th July 2024

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CNXFINANCE

Index closed near 23650 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
23700 Strike – 1.10 Lakh
24000 Strike – 0.58 Lakh
23800 Strike – 0.53 Lakh

Put Writing
23700 Strike – 1.01 Lakh
23400 Strike – 0.60 Lakh
23300 Strike – 0.45 Lakh

Index has resistance near 23750 - 23800 range and if index crosses and sustain above 23800 level then may reach near 24000 level. If index further crosses and sustain above 24050 then may reach near 24200 level.

Index has immediate support near 23450 – 24400 range and if this support is broken then index may tank near 23100 level.

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أغلقت الصفقة: تم الوصول للهدف

Gap down opening and bounced from 23525 level and managed to close near 23750 resistance level.