NIFTY
Highest Call writing of 37.41 Lakh at 22900 Strike followed by36.13 Lakh at 22500 Strike and 33.45 Lakh at 22600 strike. Maximum Put writing of 42.19 Lakh at 22500 Strike followed by 34.68 Lakh at 22000 strike and 38.17 Lakh at 22400 Strike.
As the weak US Q1 Data and gap down opening expected and if bounced then Index may face resistance near 22650 - 22700 level.
Gap down expected and Index may find support near 22300 - 22250 level and less likely to fall below 22200 unless new geopolitical tension arises.
Trade closed: target reached:
Gap up opening instead of gap down even though index faced resistance near 22615 level and tanked to low near 22400 level.