Finnifty Intraday Analysis for 13th August 2024

CNXFINANCE

Index closed near 23030 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
23500 Strike – 31.25 Lakh
23100 Strike – 18.66 Lakh
23200 Strike – 18.39 Lakh

Put Writing
22500 Strike – 15.14 Lakh
22800 Strike – 14.02 Lakh
23000 Strike – 13.80 Lakh

Index has resistance near 23000 - 23100 range and if index crosses and sustain above 23150 level then may reach near 23250 - 23350 range.

Index has immediate support near 22700 – 22600 range and if this support is broken then index may tank near 22500 – 22400 range.