Indian benchmark indices ended slipped for the third consecutive day and clocked below 12000 psychological level led by weak global trend. At close, Nifty down 54 points or -0.45% at 11,994.20 and Sensex was lower by 126.72 points or -0.31% at 40,675.45. Overall market breadth was negative as 1212 stocks were declined and 576 stocks advanced and 350 were unchanged on NSE. Among sectoral indices, all sectors were under selling pressure except Nifty IT. India VIX, which measures the implied volatility of Nifty 50 options, was down by 2.35% at 13.86.
According to weekly option derivatives diaries, maximum Call writing open interest of 35.63 lakh contracts was seen at the 12100 strike price, which will act as a crucial resistance level for tomorrow's trading session. However, Put writing open interest seen at 19000 strike price with 17.75 lakh contracts, which will act as a strong support.