Maximum Call writing near CMP is at 23500 strike with 2.76 Lakh followed by 1.92 Lakh at 24000 Strike and 1.59 Lakh at 23600 strike and Put writing of 3.31 Lakh at 22500 Strike followed by 2.08 Lakh at 23000 Strike and 2.06 Lakh at 23400 strike. Index is closed near 23510 level.
Index has resistance near 23600 level and if index crosses and sustain above 23600 level then may reach near 23800 level.
Index has immediate support near 23300 level and if this support is broken then index may tank near 23100 – 23000 range.
Trade closed: target reached
Open flat and made low near 23400 support level and bounced with high near 23635 level.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Also on:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.