Nifty continued its upward momentum by closing 0.66% higher after maintaining strength throughout most of the trading session. The index crossed the 24,400 mark before consolidating in a narrow range, reflecting healthy buying interest despite some profit booking at higher levels.

The latest option chain data indicates improving market sentiment, with higher Put writing, Call unwinding and a rising Put-Call Ratio pointing towards a constructive short-term outlook.

📈 Nifty closed with a gain of 0.66%.

🏆 Top Performing Sectors: Consumer Durables, Realty

📉 Weak Sectors: PSU Bank, Media

💰 FIIs: Net Buyers ₹243.03 Crore

💰 DIIs: Net Buyers ₹3,791.42 Crore

✔ Higher Put writing indicates traders are building support at lower levels.

✔ Call unwinding reflects reduced resistance and improving bullish sentiment.

✔ PCR at 1.50 suggests optimism among options participants.

✔ Max Pain shifting to 24,400 indicates this level may act as an important reference point for near-term price action.

✔ The projected VWAP range of 24,330–24,530 provides the likely trading band for the next session.

Investor Takeaway

Derivative Pro & Nifty Expert Gulshan Khera, CFP®, observes that the latest option positioning reflects improving market confidence. Higher Put writing, Call unwinding and sustained institutional buying provide a constructive backdrop. However, traders should continue monitoring the 24,400–24,500 zone, as fresh option activity around these strikes may influence short-term market direction.

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