NIFTY
Highest Call writing of 94.70 Lakh at 22400 Strike followed by 93.57 Lakh at 22500 Strike. Maximum Put writing of 92.38 Lakh at 22000 Strike followed by 75.46 Lakh at 22100 Strike.
Index may face resistance near 22500 - 22525 and go upto 22750 level if sustain above 22550 level.
Index has strong support near 22200 - 22100 level and less likely to fall below 22070 unless new geopolitical tension arises.
Trade closed: target reached:
Gap up opening and traded below 22500 - 22525 resistance level as analysed.