Maximum Call writing near CMP is at 23600 strike with 3.95 Lakh followed by 3.76 Lakh at 24000 Strike and 3.71 Lakh at 23500 strike and Put writing of 4.89 Lakh at 23000 Strike followed by 4.68 Lakh at 23500 Strike and 3.61 Lakh at 23400 strike. Index is closed near 23590 level.
Index has resistance near 23650 level and if index crosses and sustain above 23650 level then may reach near 23800 level.
Index has immediate support near 23400 level and if this support is broken then index may tank near 23300 – 23150 range.
Trade closed: target reached
Open flat with low near 23500 and made high near 23765 level and profit booking dragged to close near 23605 level.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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