Finnifty Intraday Analysis for 23rd July 2024

22 Jul 2024

CNXFINANCE

Index closed near 23625 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
24000 Strike – 11.45 Lakh
24500 Strike – 11.12 Lakh
24600 Strike – 10.08 Lakh

Put Writing
23600 Strike – 8.75 Lakh
23000 Strike – 8.00 Lakh
23200 Strike – 6.21 Lakh

Index has resistance near 23800 - 23850 range and if index crosses and sustain above 23850 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 23400 – 23350 range and if this support is broken then index may tank near 23100 level.

Budget Day experience high volatility.

23 Jul 2024

Trading ditutup: target tercapai

Highly volatile day due to Budget. Index tanked to low near 23100 support level and bounced back quickly to close above 23300 support level.