The Nifty futures closed negatively with losses of 1.59%, ending at 23,912 levels on Thursday. India VIX rose nearly 4% to close at 15.20 in the previous session.
On the options front, the maximum Call OI is at the 24,500 strike, followed by the 25,000 strike, while the maximum Put OI is at the 23,500 strike, followed by the 23,000 strike.
Call writing is observed at the 24,500 and 24,000 strikes, while Put writing is seen at the 23,000 and 24,000 strikes.
“Options data suggests a broader trading range between the 23,500 and 24,500 zones, with an immediate range between 23,700 and 24,200 levels,” said Chandan Taparia, Head of Equity Derivatives & Technicals, Wealth Management, MOFSL.
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