Indian benchmark indices ended lower for second consecutive sessions led by a massive jump in the number of coronavirus cases and deaths announced by China, that spooked traders. At close, the Nifty was down 61.20 points or 0.50% at 12,113.50 while Sensex was down 202.05 points or 0.49% at 41,257.74. Overall market breadth was negative as 632 shares are advanced and only 1147 shares are declines, and 373 shares remained unchanged. Among sectoral indices, all ended lower. India VIX, which measures the implied volatility of Nifty 50 options, was up by 2.03% at 13.64.
According to weekly option derivative diaries, maximum Call Writing open interest of 26.01 lakh contracts was seen at the 12,200 strike price, which will act as a crucial resistance level for next trading session. However, Put Writing open interest seen at 12,100 strike price with 12.83 lakh contracts, which will act as a strong support.