NIFTY
Highest Call writing near CMP is at 23000 Strike of 65.77 Lakh followed by 25.17 Lakh at 22500 Strike and 21.50 Lakh at 22600 strike. Maximum Put writing of 32.16 Lakh at 22000 Strike followed by 29.96 Lakh at 22500 strike 25.62 Lakh at 21500 Strike. Index closed near 22530 level. Volatility will be high due to exit poll outcome and General Election result on 4th June.
Gap up opening expected around 22800 – 22825 range and if Index crosses and sustain above 22825 then may reach near 22900 – 23000 range. Profit booking expected on higher level in the last trading session due to election result on 4th June.
Index has support near 22300 - 22225 range if index go below 22400 level and if the 22200 level is broken then index may reach near 22050 level.
Trade active:
Gap up opening above 23300 level and closed above it.