NIFTY
Maximum Call writing near CMP is at 25000 strike with 126.80 Lakh followed by 88.10 Lakh at 24500 Strike and 75.33 Lakh at 24300 strike and Put writing of 105.28 Lakh at 24000 Strike followed by 75.80 Lakh at 23800 Strike and 69.78 Lakh at 24200 strike. Index is closed near 24285 level.
Index has resistance near 24300 - 24350 range and if index crosses and sustain above 24350 level then may reach near 24500 level.
Index has immediate support near 24150 level and if this support is broken then index may tank near 24000 – 23800 range.
Order cancelled:
Gap up opening but could not sustain above 24350 resistance level and traded near 24300 range till day end.