Maximum Call writing near CMP is at 24000 strike with 106.16 Lakh followed by 61.06 Lakh at 23500 Strike and 57.39 Lakh at 23600 strike and Put writing of 96.72 Lakh at 23000 Strike followed by 77.75 Lakh at 22500 Strike and 54.90 Lakh at 23300 strike. Index is closed near 23500 level.
Index has resistance near 23600 - 23650 range and if index crosses and sustain above 23700 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 23400 - 23300 range and if this support is broken then index may tank near 23200 level.
Trade closed: target reached
Gap down opening with support near 23350 level and bounced to close near 23550 level.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Also on:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.