Indian benchmark indices ended on a positive note led by supportive global cues. At close, Nifty was up 98.30 points at 10,946.20 while Sensex was up 337.35 points at 36,981.77. Overall market breadth was positive where 592 stocks were declined and 1160 stocks advanced and 360 were unchanged on NSE. The India VIX, which measures the implied volatility of Nifty 50 options, was down 6.88% at 16.08.
According to weekly option derivatives diaries, maximum Call writing open interest of 4.54 lakh contracts was seen at the 11100 strike price, which will act as a crucial resistance level for next trading session. However, Put writing open interest seen at 10900 strike price with 22.40 lakh contracts, which will act as a strong support.