NIFTY
Highest combined Call and Put writing at 22500 strike with 76.75 Lakh Call and 51.18 Lakh Put writing. 2nd Highest Call writing at 22700 strike and Put writing at 56.90 Lakh at 22300 Strike.
If Index crosses 22525 level and sustain the index may go to 22600 level and 22700 level. Trailing Stop Loss near 22400 level.
If index goes down below 22400 then it may touch 22300 level then contra Long position may be initiated for 22525 level then 22600 then 22700 level.
It is unlikely that the Index fall below 22300 level, even if does then the support is near 22200 level.
Trade closed: target reached:
Traded in a very narrow range and could not cross 22525 resistance level. No trade initiated.