NIFTY
Highest Call writing of 56.42 Lakh at 23000 Strike followed by 43.93 Lakh at 22500 Strike and 32.75 Lakh at 22800 strike. Maximum Put writing of 48.02 Lakh at 22400 Strike followed by 41.84 Lakh at 22500 strike and 38.52 Lakh at 22300 Strike. Index closed near 22500 level.
Index reach near 22750 level and if index crosses and sustain above 22550 level and may reach near 23000 if crosses and sustain above 22825 level.
Index has strong support near 22400 – 22300 level and if this support of 22300 support is broken then index may reach near 22225 level.
Trade closed: target reached:
Gap down opening with low near 22440 level then bounced to high near 22590 level but could not sustain above 22550 level and closed near 22510 level.