NIFTY
Maximum Call writing near CMP is at 24000 strike with 108.41 Lakh followed by 46.75 Lakh at 23700 Strike and 45.49 Lakh at 23600 strike and Put writing of 90.57 Lakh at 23500 Strike followed by 75.57 Lakh at 23600 Strike and 71.61 Lakh at 23400 strike. Index is closed near 23720 level.
Index has resistance near 23800 level and if index crosses and sustain above 23850 level then may reach near 24000 level.
Index has immediate support near 23600 - 23500 range and if this support is broken then index may tank near 23350 level.
Trade closed: target reached:
Open flat and crossed 23800 - 23850 resistance range but could not sustain and closed near 23840 level.