Finnifty Intraday Analysis for 06th February 2025

CNXFINANCE

Index closed near 23665 level and Maximum Call and Put Writing near CMP as below in February Month contract:

Call Writing
23500 Strike – 0.53 Lakh
24000 Strike – 0.50 Lakh
23400 Strike – 0.37 Lakh

Put Writing
23000 Strike – 0.65 Lakh
23500 Strike – 0.39 Lakh
23100 Strike – 0.31 Lakh

Index has resistance near 23750 - 23800 range and if index crosses and sustains above this level then may reach near 23950 - 24000 range.

Index has immediate support near 23500 – 23450 range and if this support is broken then index may tank near 23300 – 23250 range.