Indian benchmark indices ended the week on a positive note while manage to close near 11,900 levels. At close, Nifty was up 23.20 points at 11,895.30 and Sensex was up 70.21 points at 40,356.69. Overall market breadth was negative as 985 stocks were declined and 834 stocks advanced and 323 were unchanged on NSE. Among sectoral indices, selling was seen in the Auto, FMCG, IT and Metal, while buying witnessed in the Bank, Pharma, Media, Financial Services and Infra sectors. India VIX, which measures the implied volatility of Nifty 50 options, was down by 4.36% at 14.96.
According to weekly option derivatives diaries, maximum Call writing open interest of 11.47 lakh contracts was seen at the 12000 strike price, which will act as a crucial resistance level for next trading session. However, Put writing open interest seen at 11800 strike price with 2.44 lakh contracts, which will act as a strong support.