VIX falls 5.6% amid uncertainties

Nifty index opened positive and escalated throughout the day with bulls driving it above 25350 levels.

- Motilal Oswal Team

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.

On option front, Maximum Call O1 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.