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[hfe_template id='11223'] [ad_1] The Nifty futures closed negative, with losses of 0.10%, at 23,491 levels on Tuesday. The Indian market remained shut on Wednesday, due to a public holiday.On the options front, the maximum Call OI is placed at 24,000, and then at 23,700 strikes, while the maximum Put OI is placed at 23,000, and then at 23,500 strikes. Call writing is observed at 23,900, then at 24,200 strikes, while Put writing is seen at 23,700, then at 23,600 strikes. “Options data suggests a broader trading range between 23,000 and 23,900 zones, with an immediate range between 23,300 and 23,700 levels,” said Chandan Taparia, Head of Equity Derivatives & Technicals, Wealth Management, MOFSL. “Nifty formed a small-bodied bearish candle on the daily chart on Tuesday, with longer upper shadows, and broke the lower lows formation of the last seven sessions,” he added. “Now, until Nifty holds below the 23,500 zones, weakness could be seen towards 23,350, then 23,200 zon...

[hfe_template id='11223'] [ad_1] The Indian market is likely to edge higher on Monday, tracking positive global cues. The Nifty futures closed negative, with losses of 0.97% at 24,215 levels on Friday. On the options front, the maximum Call OI is placed at 25,000, followed by the 24,500 strikes, while the maximum Put OI is at 23,500 and then at 24,000 strikes. Call writing is observed at the 24,300 and 24,200 strikes, while Put writing is seen at the 23,800 and 23,900 strikes. “Options data suggests a broader trading range between the 23,800 and 24,500 zones, with an immediate range between the 24,000 and 24,400 levels,” said Chandan Taparia, Head of Equity Derivatives & Technicals, Wealth Management, MOFSL. “Nifty formed a bearish candle on the daily chart on Friday and has been making lower highs for the last four sessions. It formed a bearish candle and experienced a breakdown on a weekly basis,” he added.“Now, as long as Nifty holds below the 24,250 zones, weakne...