Nifty index opened positive and escalated throughout the day with bulls driving it above 25350 levels. It held on to its support of 25150 levels with some consolidation towards the end and closed near its day’s high with gains of around 180 points. It formed a bullish candle on daily frame and recouped all the losses of the previous session. Now it has to hold above 25250 zones for an up move towards 25450 then 25600 zones while supports can be seen at 25250 then 25150 zones.

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On option front, Maximum Call OI is at 25500 then 25400 strike while Maximum Put OI is at 25300 then 25200 strike. Call writing is seen at 25400 then 25500 strike while Put writing is seen at 25300 then 25200 strike. Option data suggests a broader trading range in between 24800 to 25800 zones while an

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