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The Indian stock market indices, Sensex and Nifty 50, are poised for a steady opening today, influenced by subdued signals from the global market. Option data suggests a positive bias for Nifty trading. Any potential correction towards the 22300 levels could prompt fresh long positions. Notably, the 22400 Call strike in Nifty holds significant Open Interest approx 62 lakhs shares, while the 22200 Put strike shows substantial Open Interest approx 84 lakhs shares. In the coming days, Nifty is expected to move towards the 22500 zone.

Regarding Bank Nifty, the 47000 Put strike exhibits considerable Open Interest, likely serving as immediate support, while the 48000 level is anticipated to pose as a resistance area. An overall strategy of buying on dips is recommended, with a cautious approach towards mid/small caps.