NIFTY
Highest Call and Put writing is at 22500 strike with 35.99 Lakh and 35.36 Lakh Put. 2nd highest Call writing of 30.43 Lakh at 22600 Strike and Put writing of 29.31 Lakh at 22300 strike.
As Index has touched nea All Time High (ATH), Index may face resistance near 22625 level and if it crosse the resistance sustain with unwinding of Call at 10500 and 10600 strike then may touch 22700 - 22730 level. Index has support near 22300 level.
If Index down below 22500 level but Put writing at 22500 level is building up then index will bounce back to ATH resistance level.
Trade closed: target reached:
Gap down opening to near 22450 level and bounced to high near resistance area.