NIFTY
Maximum Call writing near CMP is at 24000 strike with 66.96 Lakh followed by 42.27 Lakh at 23500 Strike and 34.55 Lakh at 23400 strike and Put writing of 53.70 Lakh at 23400 Strike followed by 45.95 Lakh at 23000 Strike and 42.81 Lakh at 23300 strike. Index is closed near 23465 level.
Index has resistance near 23500 - 23600 range and if index crosses and sustain above 23600 level then may reach near 23800 level. If Index crosses and sustain above 23800 then index may reach near 24000.
Index has immediate support near 23300 - 23200 level and if this support is broken then index may tank near 23100 level.
Trade closed: target reached:
Gap up opening then traded in range between 23575 - 23500 range.