NIFTY
Highest Call writing of 64.02 Lakh at 22500 Strike followed by 60.12 Lakh at 23000 Strike and 58.69 Lakh at 22600 strike. Maximum Put writing of 45.05 Lakh at 22500 Strike followed by 43.82 Lakh at 22000 strike and 41.56 Lakh at 22400 Strike. Index closed near 22420 level.
As the highest Call and Put writing is at 22500 strike, index may face resistance near 22500 level and if it sustain above 22500 then can go to 22600 level.
Index has strong support near 22300 level and less likely to go below it unless new geopolitical crisis arises.
Trade closed: target reached:
Gap up opening and made high near 22650 level.