Key Highlights
- The Sensex advanced 301.93 points, or 0.36%, to close at 83,878.17, while the Nifty 50 ended 106.95 points, or 0.42%, higher at 25,790.25.
- On the Nifty options front, Chandan Taparia Head Derivatives & Technicals, Wealth Management, Motilal Oswal Financial Services Ltd, believes that the maximum Call Open Interest (OI) is at 26,000 then 25,800 strike, while maximum Put OI is at 25,700 then 25,500 strike.
- “Call writing is seen at 25,800 then 25,850 strike, while Put writing is seen at 25,700 then 25,600 strike.
- Option data suggests a broader trading range in between 25,400 to 26,200 zones, while an immediate range between 25,600 to 26,000 levels,” said Taparia.
- Nifty 50 formed a bullish candle on the daily frame with a longer lower shadow indicating smart buying from the lower levels.
