Finnifty Intraday Analysis for 8th August 2024

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CNXFINANCE

Index closed near 22805 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
23200 Strike – 4.71 Lakh
22800 Strike – 4.15 Lakh
23000 Strike – 2.56 Lakh

Put Writing
22700 Strike – 3.20 Lakh
22800 Strike – 3.06 Lakh
22600 Strike – 1.96 Lakh

Index has resistance near 23000 - 23100 range and if index crosses and sustain above 23100 level then may reach near 23250 - 23350 range. Upside moment is less likely to happen.

Index has immediate support near 22400 level and if this support is broken then index may tank near 22100 – 22000 range.

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أغلقت الصفقة: تم الوصول للهدف

Gap down opening and bounced to reach near 23000 resistance level.