Finnifty Intraday Analysis for 6th August 2024

5 Agu

CNXFINANCE

Index closed near 22765 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
24000 Strike – 27.47 Lakh
23500 Strike – 23.60 Lakh
23000 Strike – 22.26 Lakh

Put Writing
22500 Strike – 22.40 Lakh
22000 Strike – 17.02 Lakh
22700 Strike – 13.07 Lakh

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

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.

6 Agu

Trading ditutup: target tercapai

Gap up opening with high near 23080 then tanked and closed near 22540 level.