NIFTY
Highest Call writing of 78.22 Lakh at 23000 Strike followed by 56.66 Lakh at 22850 Strike and 51.94 Lakh at 22800 strike. Maximum Put writing of 81.17 Lakh at 22500 Strike followed by 55.30 Lakh at 22400 strike and50.13 Lakh at 22600 Strike. Index closed near 22640 level.
Index closed above 22625 resistance level for the first time and likely to go near 22800 - 22850 level as there is no significant resistance level.
Index has strong support near 22500 level and less likely to go below it unless new geopolitical crisis arises.
Trade closed: target reached:
Made high near 22780 and faced resistance near 22800 as analysed and tanked on profit booking.