NIFTY
Maximum Call writing near CMP is at 24000 strike with 88.21 Lakh followed by 42.10 Lakh at 23800 Strike and 37.80 Lakh at 23500 strike and Put writing of 71.56 Lakh at 23000 Strike followed by 59.11 Lakh at 23400 Strike and 51.06 Lakh at 23500 strike. Index is closed near 23560 level.
Index has resistance near 23600 level 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 23450 - 23400 level and if this support is broken then index may tank near 23300 level.
Trade closed: target reached:
Gap up opening then tanked to support range of 23450 - 23400 and again bounced but could not sustain above 23670 level and tanked near support of 23500 level.