Positive sentiment pushes indices higher

Bullish momentum remained strong all day with every minor dip attracting fresh buying interest

- Motilal Oswal Wealth Management

N ifty index opened gap up and stretched northwards throughout the session with bulls soaring it towards 26200 zones. It witnessed some swings towards the end but managed to close in gains of around 190 points. It formed a bullish candle on the daily frame and wiped off the losses of the last three sessions. Now it has to hold above 26100 zones for an up move towards 26250 and 26325 zones while supports can be seen at 26050 then 25950 zones

On option front, Maximum Call OI is at 26200 then 26400 strike while Maximum Put OI is at 26000 then 26100 strike. Call writing is seen at 26400 then 26200 strike while Put writing is seen at 26000 then 26100 strike.