Finnifty Intraday Analysis for 24th May 2024

CNXFINANCE

Maximum Call writing near CMP is at 22100 strike with 7.29 Lakh followed by 6.59L Lakh Call at 22000 Strike and 5.72 Lakh at 21800 strike. Maximum Put writing is at 7.21 Lakh at 21300 strike followed by 6.43 Lakh Put writing at 21500 strike and 5.88 Lakh at 21400 strike. Index closed near 21730 level.

Index has strong resistance near 21800 level and if crosses and sustain above 21825 level then reach near 21950 - 22000 level.

Index has support near 21600 level and if this support is broken then index may reach near 21500 level.

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Open flat and faced resistance near 21800 - 21825 level but managed to made high near 11890 level and managed to close above 11825 level.