Highest combines Call writing at 47500 strike with 23.58 Lakh Contract and 22.52 Lakh Put writing. Maximum Call writing of 25.49 Lakh at 48000 Strike and Maximum Put writing of 25.20 Lakh at 47000 strike.
If Index crosses 47650, then it may go near 47750 level and if sustain above 47750 resistance level then may go near 48000 level.
If Index down below 47300 then index may go near 47000 . This scenario is less likely but anything can happen.
Trade closed: target reached
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Traded in very narrow range and could not crossed 47650 resistance level. No trade initiated.