The Nifty futures closed positive with gains of 0.51%, reaching 24,429 levels on Monday. India VIX rose nearly 2% to close at 14.70 in the previous trading session.
On the options front, the maximum Call OI is placed at the 25,000 strike, followed by the 24,800 strike, while the maximum Put OI is placed at the 24,000 strike, followed by the 23,500 strike.
Call writing is seen at the 24,800 strike and then at the 24,600 strike, while Put writing is seen at the 24,000 strike and then at the 24,100 strike.
«Options data suggests a broader trading range between the 23,500 to 25,000 zones, with an immediate range between 24,000 to 24,600 levels,» said Chandan Taparia, Head of Equity Derivatives & Technicals, Wealth Management, MOFSL.
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