Indian benchmark has witnessed a sideways momentum throughout the day and closed marginally above 11,000 psychological levels. At close, Nifty50 rose 56.80 points to 11,003 while Sensex was up 163.68 points at 37,145.45. Overall market breadth was positive where 608 stocks were declined and 1167 stocks advanced and 358 were unchanged on NSE. However, all sectoral indices ended in green except IT which fell over half a percent. The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.98% at 15.79.
According to weekly option derivatives diaries, maximum Call writing open interest of 13.20 lakh contracts was seen at the 11100 strike price, which will act as a crucial resistance level for tomorrow's trading session. However, Put writing open interest seen at 11000 strike price with 13.60 lakh contracts, which will act as a strong support.