NIFTY
Highest Call writing of 99.62 Lakh at 23000 Strike followed by 49.51 Lakh at 22800 Strike. Maximum Put writing of 97.83 Lakh at 48500 Strike followed by 80.01 Lakh at 22600 Strike. Support level is shifting up near 22500 - 22600 level.
If index crossed 22700 level unwinding of Call taking place at 22700 and 22800 level then index may touch 22800 level.
If index goes near 22600 level and Building of Put taking place at 22500, then index may bounce to 22700 level.
Reversal of short term trend possible if index fall below 22400 level and unwinding of Put at 22500 taking place.
Trade closed: target reached:
Gap up opening and made high near 22765 level. Profit booking dragged to level near 22645.