Finnifty Intraday Analysis for 18th October 2024

Index closed near 23585 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
24000 Strike – 8.20 Lakh
23900 Strike – 7.45 Lakh
24300 Strike – 5.21 Lakh

Put Writing
23100 Strike – 3.34 Lakh
23000 Strike – 2.82 Lakh
23600 Strike – 2.77 Lakh

Index has resistance near 23850 - 24000 range and if index crosses and sustains above this level then may reach near 24200 - 24250 range.

Index has immediate support near 24500 – 24450 range and if this support is broken then index may tank near 24300 – 24250 range.

交易結束：目標達成

Gap down opening with low near 23430 then bounced and made high near 23990 with close near 23965.