Nifty index opened flattish and dripped lower in the first half of the session. It broke 25100 zones but bulls were seen active around these levels and pulled the index in the second half of the day. It recovered towards 25250 zones but witnessed volatility within a small range throughout the day. It formed a small bodied candle on the daily frame with longer lower shadow indicating smart buying was seen at lower levels. Now it has to hold above 25150 zones for an up move towards 25250 then 25350 zones while supports can be seen at 25050 then 24900 zones.

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On option front, Maximum Call OI is at 25500 then 25300 strike while Maximum Put OI is at 25000 then 25200 strike. Call writing is seen at 25500 then 25200 strike while Put writing is seen at 25200 then 25000 strike. Option

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