NIFTY
Maximum Call writing near CMP is at 25000 strike with 118.86 Lakh followed by 79.78 Lakh at 24500 Strike and 51.95 Lakh at 24600 strike and Put writing of 78.76 Lakh at 24000 Strike followed by 64.42 Lakh at 23500 Strike and 51.18 Lakh at 23800 strike. Index is closed near 24125 level.
Index has resistance near 24150 - 24200 range and if index crosses and sustain above 24250 level then may reach near 24500 level.
Index has immediate support near 24000 – 23900 range and if this support is broken then index may tank near 23800 – 23700 range.
Trade closed: target reached:
Gap up opening 24200 level and faced resistance near 24300 level.