Maximum Call writing near CMP is at 12100 strike with 10.24 Lakh followed by 8.62 Lakh at 12000 Strike and 6.11 Lakh at 12200 strike and Put writing of 11.84 Lakh at 12000 Strike followed by 5.75 Lakh at 11800 Strike and 5.39 Lakh at 12100 strike. Index is closed near 12000 level.
Index has resistance near 12150 - 12200 level and if index crosses and sustain above 12250 level then may reach near 12500 level.
Index has immediate support near 11900 level and if this support is broken then index may tank near 11780 level.
Trading ditutup: target tercapai
Open flat and closed below 12150 resistance level.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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