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Sensex and Nifty50 closed flat on Tuesday.
India VIX was up by 3% from 11.34 to 11.69 levels in the previous trading session. Volatility was on the rise and the index witnessed some profit booking after the rally of the last few sessions.
On the weekly options front, the maximum Call OI is placed at 20100 and then towards 20200 strikes while the maximum Put OI is placed at 19900 and then towards 20000 strikes.
Minor Call writing is seen at 20100 and then towards 20200 strikes while Put writing is seen at 20000 and then towards 19950 strikes.
“Options data suggests a shift in a higher trading range in between 19750 to 20300 zones while an immediate trading range in between 19850 to 20150 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.
“Nifty witnessed a profit booking decline after touching a fresh all-time high of 20110 and took support near 19900 zones on Tuesday.
