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[hfe_template id='11223'] [ad_1] The Indian market is likely to trade lower on Thursday, tracking muted global cues. The Nifty future closed positively with gains of 0.17% at 24,817 levels on Wednesday. India VIX rose nearly 1% to close at 17.55 in the previous trading session. On the options front, the maximum Call OI is placed at 26,000 and then towards 25,000 strikes, while the maximum Put OI is placed at 24,000 and then towards 24,800 strikes. Call writing is seen at 24,800 and then towards 24,850 strikes, while Put writing is seen at 24,800 and then towards 24,400 strikes. “Options data suggests a broader trading range in between 24,200 to 25,200 zones while an immediate range between 24,600 to 25,000 levels,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. Live Events Despite facing consistent selling pressure at higher levels, notable support-based buying was seen around the 24700 zone, which helped cap the downside.“On the ...