NIFTY
Maximum Call writing near CMP is at 24000 strike with 88.34 Lakh followed by 45.66 Lakh at 23500 Strike and 39.48 Lakh at 23600 strike and Put writing of 84.35 Lakh at 23000 Strike followed by 56.58 Lakh at 23500 Strike and 34.00 Lakh at 23300 strike. Index is closed near 23570 level.
Index has resistance near 23650 - 23700 range and if index crosses and sustain above 2370 level then may reach near 23800 level. If Index crosses and sustain above 23800 then index may reach near 24000.
Index has immediate support near 23500 - 23450 level and if this support is broken then index may tank near 23300 level.
Trade closed: target reached:
Gap up opening and faced resistance near 23650 - 23700 range and tanked near 23400 and managed to close above 23450 support level.