Maximum Call writing buildup of 3.86 Lakh is at 11000 strike followed by 3.643 Lakh at 11100 Strike and 2.57 Lakh at 11200 strike and Put writing of 6.58 Lakh at 11000 Strike followed by 2.99 Lakh at 10800 Strike and 2.51 Lakh at 10900 strike. Index is closed near 11040 level. Index support is shifting upward.
As support shifted near 11000, index has potential to reach 11200 level if break 111000 resistance
Index has strong support near 11000 - 10900 leve and less likely to go below this level unless any geopolitical crisis arises.
Trade closed: target reached
Gap up opening and made high near 11150 level then profit booking dragged to close near 11050 level.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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