Indian benchmark indices ended the weekly expiry on a negative note. At close, Nifty closed 78.80 points in the red at 11234.50 while Sensex ended 297.55 points lower or 0.78% at 37880.40. Overall market breadth was negative 1139 stocks were declined and 644 stocks advanced and 346 were unchanged on NSE. All the sectoral indices were under selling pressure. India VIX, which measures the implied volatility of Nifty 50 options, was up 0.24% at 17.19.
According to weekly option derivatives diaries, maximum Call Writing open interest of 6.24 lakh contracts was seen at the 11300 strike price, which will act as a crucial resistance level for tomorrow's trading session. However, Put writing open interest seen at 11200 strike price with 3.07 lakh contracts, which will act as a strong support.