Finnifty Intraday Analysis for 16th August 2024

Index closed near 22590 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
23800 Strike – 7.03 Lakh
23000 Strike – 5.68 Lakh
22600 Strike – 4.33 Lakh

Put Writing
22600 Strike – 3.78 Lakh
22500 Strike – 3.14 Lakh
22700 Strike – 2.27 Lakh

Index has resistance near 22700 - 22750 range and if index crosses and sustain above 22800 level then may reach near 23100 - 23200 range.

Index has immediate support near 22500 – 22400 range and if this support is broken then index may tank near 22150 – 22100 range.

交易結束：目標達成

Gap up opening with low near 22620 and closed near 22970 above 22750 resistance level.