Nifty future closed positively, gaining 1.56% to end at 24,270 levels on Thursday.
On the options front, the maximum Call OI is placed at 25,000, followed by 24,500 strikes, while the maximum Put OI is placed at 24,000, followed by 23,800 strikes.
Call writing is observed at 24,200, followed by 24,800 strikes, while Put writing is seen at 24,000, followed by 24,200 strikes.
«Options data suggests a broader trading range between 23,800 and 24,600 zones, with an immediate range between 23,900 and 24,400 levels,» said Chandan Taparia, Head of Equity Derivatives & Technicals at Wealth Management, MOFSL.
“Nifty formed a big bullish candle on the daily chart on Thursday and has started forming higher highs and higher lows over the last two sessions,” he added.
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