Maximum Call writing is at 21700 strike with 2.47 Lakh followed by 1.49 Lakh Call at 22000 Strike. Maximum Put writing is at 1.98 Lakh at 21700 strike followed by 1.04 Put writing at 21600 Strike. The support level is shifting above to 21600 - 21600 range. The Maximum Call and Put writing is shifting up at 21700 strike.
If index crossed above 21725 level and unwinding of Call positions at 21700 strike taking place then index may reach near 21800 level. If unwinding do not take place, then index may return near 21700 level.
If Index fall to near 21600 level and Unwinding of Put option taking place at 21700 and 21700 strike then index may touch 21500 level. If unwinding do not take place, then index may return near 21700 level.
Trade fechado: stop atingido
Traded in narrow range between 21750 to 21680 level. No trade initiated.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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