Nifty opened on a flattish note and drifted towards the 25880 zone in the initial hour. However, bulls soon stepped in and pushed the index towards the 26000 mark. Despite the upward attempt, Nifty was unable to sustain above 26000 and again witnessed profit booking in the final hour of the session. The index continues to remain stuck in a 300 point range between 25750 and 26050 over the last few sessions, reflecting a phase of consolidation. On the daily chart, it formed a bearish candle and ended the session with losses of around 100 points near 25910. Now it has to hold above 25800 zones for an up move towards 26000 then 26100 zones while supports can be seen at 25800 then 25700 zones.

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On option front, Maximum Call OI is at 26500 then 26200 strike while Maximum Put OI is

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