NIFTY
Highest Call writing of 53.27 Lakh at 22500 Strike followed by 51.03 Lakh at 22300 Strike and 44.15 Lakh at 22400 strike. Maximum Put writing of 42.41 Lakh at 22000 Strike followed by 36.50 Lakh at 21800 strike and 33.37 Lakh at 21900 Strike. Index closed near 22105 level.
Index has resistance near 22200 - 22225 level and if index crosses and sustain above 22225 then index may reach near 22300 level.
Index has strong support near 21975 - 21925 level and if this support is broken then index may reach near 21800 level.
Trade closed: target reached:
Open flat with low near 22085 level and made high near 22270 level and closed 22225 resistance level as analysed.