The Nifty ended the session on a strong note, closing near the day's high after sustained buying emerged during the final hour. The index gained 1.09%, supported by strength in Private Banks and IT stocks despite continued FII selling in the cash market.

The options data continues to paint a constructive picture, with aggressive Put writing, a healthy Put-Call Ratio and significant long positions in index futures suggesting that traders remain optimistic heading into the next trading session.

Indicator	Observation
Nifty Performance	▲ +1.09%
Top Performing Sectors	Private Banks, IT
Weak Sectors	Pharma, Healthcare
FIIs	Net Sellers ₹376.41 Cr
DIIs	Net Buyers ₹1,017.89 Cr

• Major Call Open Interest: 24,700
• Major Put Open Interest: 24,000
• Put-Call Ratio (PCR): 1.61
• Max Pain: 24,250
• VWAP Range: 24,145 – 24,400
• Higher Put writing continues to indicate a bullish undertone.

• FII Nifty Futures: +25,439 contracts
• Bank Nifty Futures: +8,245 contracts
• Fin Nifty Futures: +2 contracts
• Midcap Nifty Futures: -331 contracts
• Nifty Next 50 Futures: +3 contracts

Despite being marginal sellers in the cash market, FIIs continued building long positions in index futures, indicating confidence in the broader market trend.

• Immediate Support: 24,145
• Major Put Base: 24,000
• Immediate Resistance: 24,400
• Major Call Resistance: 24,700
• Holding above 24,145 may keep the short-term trend positive.
• A decisive move above 24,400 could increase the probability of testing higher resistance levels.

Investor Takeaway

Indian-Share-Tips.com Nifty Expert Gulshan Khera, CFP®, who is also a SEBI Regd Investment Adviser, observes that the combination of a strong closing near the day's high, a healthy PCR of 1.61, significant Put writing and aggressive long additions in FII index futures continues to favour the bulls. While 24,700 remains the major resistance zone, sustaining above the VWAP support region around 24,145 would keep the near-term market structure constructive.

Disclaimer: This article is for educational purposes only and should not be considered investment advice. Options data and institutional positioning can change rapidly and should be used along with appropriate risk management.

Written by Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.

Read free content at Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.

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