Finnifty Intraday Analysis for 18th September 2024

17 Sep

CNXFINANCE

Index closed near 23990 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
24000 Strike – 2.58 Lakh
25000 Strike – 1.29 Lakh
24500 Strike – 1.12 Lakh

Put Writing
24000 Strike – 2.12 Lakh
23500 Strike – 0.90 Lakh
23700 Strike – 0.61 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.

Index is expected to be in range bound with a slightly lower side due to the upcoming US FOMC Rate cut outcome.

18 Sep

Trading ditutup: target tercapai

Gap up opening and made high near 24415 level and closed near 24280 level.