Key Highlights
- On Thursday, the Sensex rose 397.74 points, or 0.49%, to close at 82,307.37, while the Nifty 50 settled 132.40 points, or 0.53%, higher at 25,289.90.
- On the Nifty 50 options front, Chandan Taparia Head Derivatives & Technicals, Wealth Management, Motilal Oswal Financial Services believes that the maximum Call Open Interest (OI) is at 25,500 then 25,400 strike while maximum Put OI is at 25,000 then 25,200 strike.
- “Call writing is seen at 25,400 then 25,600 strike while Put writing is seen at 25,300 then 25,200 strike.
- Option data suggests a broader trading range in between 24,800 to 25,800 zones, while an immediate range between 25,100 to 25,500 levels.
- Nifty 50 formed a doji sort of a candle on the daily frame to close with gains of around 130 points and broke its lower highs – lower lows formation of the last three sessions.
