Highest Call writing of 29.76 Lakh at 49000 strike followed by 19.58 Lakh at 48800. Highest Put writing of 17.95L Lakh at 48500 strike followed by 17.76 Lakh at 48000 strike.
Index may face resistance near 48800 - 49000 level and retraces if index reaches in the area due to Israel Iran war tension
If Index fall below 48400 - 48350 and could not bounce back then it may further fall to 47800 47700 level.
Trade closed: target reached
Gap down opening and closed near support level as analysed.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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