NIFTY
Maximum Call writing near CMP is at 24000 strike with 155.11 Lakh followed by 77.06 Lakh at 23500 Strike and 71.11 Lakh at 23400 strike and Put writing of 87.24 Lakh at 23000 Strike followed by 64.75 Lakh at 22800 Strike and 63.53 Lakh at 23200 strike. Index is closed near 23325 level.
Index has resistance near 23450 – 23500 range and if index crosses and sustain above 23550 level then may reach near 23800 level. If Index crosses and sustain above 23600 then index may reach near 24000.
Index has immediate support near 23200 - 23100 level and if this support is broken then index may tank near 22900 level.
Trade closed: target reached:
Gap up opening and faced resistance in 23450 - 23500 zone and closed near 23400 level.