Indian benchmark indices closed on a kissing distance of psychological 12000 levels while Sensex resumed record close ahead of weekly expiry. At close, Nifty closed 43.80 points higher at 11961.00 and Sensex ended with gains of 221.55 points at 40469.78. Overall market breadth remained in favour of sellers as 931 stocks were declined and 867 stocks advanced and 346 were unchanged on NSE. India VIX, which measures the implied volatility of Nifty 50 options, was 1.30% down at 15.71.
According to weekly option derivatives diaries, maximum Call unwinding open interest of 0.39 lakh contracts was seen at the 12100 strike price, which will act as a crucial resistance level for tomorrow trading session. However, Put writing open interest seen at 11900 strike price with 7.13 lakh contracts, which will act as a strong support.