The Indian benchmark indices recovers quickly after second half of the trading session, closed above 11,250 levels. On the first half, the market was lacklustre backed by mixed global cues. At the end of the day, Nifty50 closed above 100 points at 11,257.10 while Sensex ended above 278 points at 37,393.48. Overall market breadth remains seller side where 898 stocks were in decline and 841 stocks were in advance and 357 were unchanged on NSE. Among sectoral indices, all the indices closed in green. Only Nifty Pharma was under selling pressure. However, the Indian rupee is trading at day's high at 70.04 per dollar.
According to weekly option derivatives diaries, maximum Call Unwinding open interest of 1.22 lakh contracts was seen at the 11300 strike price, which will act as a crucial resistance level for tomorrow trading session. However, Put writing open interest seen at 11200 strike price with 17.10 lakh contracts, which will act as a strong support.