Indian bourses ended the monthly expiry on a positive note as the Indian benchmark closed at life-time highs at 12,154.30 levels, with a gain of 0.44%. Statement from FM Nirmala Sitharam stating no fear of recession in the Indian economy fueled the bulls for strong up move. On indices upfront, almost all sectors closed in red while Auto stocks eased 0.30%. Market Breadth was neutral as 920 stocks were advanced while 810 stocks closed in red. India VIX, which measures the implied volatility of Nifty 50 options, was down by 4.84% at 13.91.
According to weekly option derivatives diaries, maximum Call writing open interest of 9.78 lakh contracts was seen at the 12,100 strike price, which will act as a crucial resistance level for tomorrow's trading session. However, Put writing open interest seen at 12,000 strike price with 20.21 lakh contracts, which will act as a strong support.