NIFTY
Maximum Call writing near CMP is at 24000 strike with 108.35 Lakh followed by 58.21 Lakh at 23800 Strike and 56.88 Lakh at 23600 strike and Put writing of 100.85 Lakh at 23000 Strike followed by 56.70 Lakh at 23500 Strike and 53.20 Lakh at 23400 strike. Index is closed near 23615 level.
Index has resistance near 23600 - 23650 range and if index crosses and sustain above 23650 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 23450 - 23400 level and if this support is broken then index may tank near 23300 level.
Trade closed: target reached:
Open flat with low near 23440 level and bounced to close near 23680 level.