Indian market is likely to trade higher on Wednesday, tracking positive global cues.
The Nifty futures closed positively with gains of 0.63%, reaching 22,990 levels on Tuesday. India VIX closed at 18.20 in the previous trading session.
On the options front, the maximum Call OI is placed at the 24,000 strike, followed by the 23,000 strike, while the maximum Put OI is placed at the 22,000 strike, followed by the 23,000 strike.
Call writing is observed at the 23,000 strike, followed by the 23,600 strike, while Put writing is seen at the 23,000 strike, followed by the 22,900 strike.
“Options data suggests a broader trading range between the 22,500 to 23,500 zones, with an immediate range between the 22,800 to 23,200 levels,” said Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited.
Stock Trading
Maximise Returns by Investing in the Right Companies
By — The Economic Times, Get Certified By India's Top Business News Brand
Stock Trading
Market 104: Options Trading: Kickstart Your F&O Adventure
By — Saketh R, Founder- QuickAlpha, Full Time Options Trader
Stock Trading
Technical Analysis for Everyone — Technical Analysis Course
By — Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities
Stock Trading
Stock Markets Made Easy
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Renko Chart Patterns Made Easy
By — Kaushik Akiwatkar, Derivative Trader and Investor
Stock Trading
Market 101: An Insight into Trendlines and Momentum
By — Rohit Srivastava, Founder- Indiacharts.com
S