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[hfe_template id='11223'] [ad_1] Indian market is likely to trade lower on Tuesday, tracking muted global cues. The Nifty future closed negative with losses of 0.57% at 23,643 levels on Friday. On the options front, the maximum Call OI is placed at 24,500 and then towards 24,000 strikes while the maximum Put OI is placed at 23,500 and then towards 23,000 strikes. Call writing is seen at 23,600 and then towards 23,800 strikes, while Put writing is seen at 23,500 and then towards 23,300 strikes. “Options data suggests a broader trading range in between 23,000 to 24,000 zones while an immediate range between 23,300 to 23,700 levels,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. Live Events “Nifty has started to form higher highs – higher lows from the last three weeks but some cool off and resistance was faced near 23,900 levels,” he said.“Now if Nifty manages to hold above 23,500 zones then bounce could be seen towards 23,750 then...

[hfe_template id='11223'] [ad_1] The Indian market is likely to consolidate on Friday, tracking muted global cues. The Nifty futures closed positively with gains of 0.31%, reaching 23,595 levels on Thursday. India VIX fell 1.2%, closing at 13.30 in the previous session. On the options front, the maximum Call Open Interest (OI) is placed at 24,500, followed by 24,000 strikes, while the maximum Put OI is placed at 23,500, followed by 23,000 strikes. Call writing is seen at 23,600, followed by 24,000 strikes, while Put writing is seen at 23,600, followed by 23,300 strikes. “Options data suggests a broader trading range between 23,000 to 24,000 zones, with an immediate range between 23,400 to 23,800 levels,” said Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited. Live Events “Nifty formed a bullish candle on the daily chart and closed with gains of around 100 points, but it has started making lower highs and lower lows over the last two session...