Indian benchmark indices ended lower today again, the blame is all upon the lingering global trade wars negotiation and before election outcome. Nifty closed below 11,200 level and Sensex fell more than 200 points. At close, Nifty50 recorded 65 points down at 11,157, while Sensex closed 203 points down at 37,1148.88. Overall market breadth was negative where 1084 stocks were in decline and 659 stocks were in advance and 359 were unchanged on NSE. Among sectoral indices, Nifty Metal slipped more than 2% followed by auto, infra, pharma, FMCG and bank. Only the Nifty IT index witnessed some buying due to rupee depreciates.
According to weekly option derivatives diaries, maximum Call writing open interest of 9.86 lakh contracts was seen at the 11200 strike price, which will act as a crucial resistance level for tomorrow trading session. However, Put writing open interest seen at 11050 strike price with 1.48 lakh contracts, which will act as a strong support.