Nifty traded with positive momentum during the first half of the session but witnessed profit booking at higher levels during the latter half, resulting in a flat close with a marginal decline of 0.02%. Despite the volatile session, the options market continues to indicate a mildly bullish undertone as fresh Put writing exceeded Call writing around key strike prices.

• Nifty closed marginally lower by 0.02%.
• The index witnessed strong buying in the first half before profit booking emerged at higher levels.
• Intraday gains were largely erased by the close, indicating resistance near higher levels.
• Despite the weak finish, buyers continued defending lower support zones.

• Top Performers: Consumer Durables, Chemicals.
• Lagging Sectors: Financial Services, Realty.

• FIIs: Net sellers worth ₹4,205.56 crore.
• DIIs: Net buyers worth ₹2,986.41 crore.
• FII Index Futures Position:
• Nifty: +13,983 contracts
• Bank Nifty: -1,024 contracts
• Fin Nifty: -42 contracts
• Midcap Nifty: -100 contracts
• Nifty Next 50: +9 contracts

Indicator	Reading
Highest Call Open Interest	24,200
Highest Put Open Interest	24,000
Put-Call Ratio (PCR)	0.83
Max Pain	24,100
VWAP Range	23,975 – 24,245

• Heavy Call Open Interest at 24,200 continues to act as an immediate resistance zone.
• Strong Put Open Interest at 24,000 indicates solid support.
• Higher Put writing than Call writing reflects a mildly bullish market bias.
• PCR of 0.83 suggests improving sentiment, although it is not yet indicative of aggressive bullish positioning.
• Max Pain at 24,100 indicates the index could remain range-bound near this level ahead of expiry unless a decisive breakout occurs.

• Immediate Support: 24,000
• VWAP Lower Band: 23,975
• Max Pain: 24,100
• Immediate Resistance: 24,200
• VWAP Upper Band: 24,245

Investor Takeaway

Indian-Share-Tips.com Nifty Expert Gulshan Khera, CFP®, who is also a SEBI Regd Investment Adviser, observes that the options market currently presents a cautiously optimistic picture. While higher Put writing indicates confidence that the 24,000 level may hold, persistent profit booking near 24,200 shows that sellers remain active at higher levels. A sustained move above 24,200–24,245 could strengthen bullish momentum, whereas a break below 24,000 may shift sentiment back in favour of the bears.

Source: NSE Options Data and Kotak Neo Option Chain Analysis.

Disclaimer: This article is for educational purposes only. Options data reflects prevailing market positioning and should not be treated as a guarantee of future price movements. Investors and traders should combine derivatives data with technical and fundamental analysis before making investment decisions.

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