Nifty index opened positive and exhibited persistent buying interest throughout the day and surpassed the psychological 25k barrier to inch towards 25100 levels. It has moved by around 500 points in the last three sessions and sustained strength confirmed the bullish undertone. It has formed a bullish candle on the daily frame and has been making higher highs – higher lows from the last three sessions. Now it has to hold above 25000 zones for an up move towards 25200 then 25350 zones while supports can be seen at 24900 then 24850 zones.

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On option front, Maximum Call OI is at 25100 then 25200 strike while Maximum Put OI is at 25000 then 24900 strike. Call writing is seen at 25100 then 25200 strike while Put writing is seen at 25000 then 25050 strike. Option data suggests a br

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