NIFTY
Highest Call writing of 130.29 Lakh at 22500 Strike followed by 98.77 Lakh at 22700 Strike and 93.03 Lakh at 22600 strike. Maximum Put writing of 98.82 Lakh at 22000 Strike followed by 90.30 Lakh at 22300 strike and 89.84 Lakh at 22400 Strike.
Index may face resistance near 22500 - 22525 and go upto 22600 level if sustain above 22550 level.
Index has strong support near 22300 - 22250 level and less likely to fall below 22200 unless new geopolitical tension arises.
Comment:
Gap down opening and found support near 22300 level then bounced and made high near 22625 level as analysed earlier.