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Below the Quote on Post market comment by Deven Mehata, Research Analyst, Choice Broking

Closing Market Summary 20th Feb 2024

The Sensex and Nifty, key equity benchmarks, closed at day’s high and all-time high levels indicating strong bullishness in the market. Nifty for the day traded volatile and closed the session at 22196 levels. Banknifty also moved higher today and managed to close the session above 47000 levels.

The market has traded Positive with the Sensex gaining 0.48 percent and closed at 73057.40 and Nifty was positive by 0.34 percent intraday and closed at 22196.95 levels, also Bank Nifty closed positive, up by 1.20 percent and settled at 47094.20.

Among sectors Nifty FIN SERVICES, Nifty MEDIA and Nifty REALTY ended in green while Nifty AUTO, Nifty IT and Nifty METAL ended on the lower side. In Nifty stocks, POWERGRID, HDFCBANK and AXIS BANK were the top gainers while HEROMOTOCO, COALINDIA and BAJAJ AUTO were the prime laggards.

INDIA VIX was Positive by 0.34 percent intraday and settled at 16.0725.

Index has a support around 22100-22050 zone.  Coming to the OI Data, on the call side, the highest OI observed at 22600 strike prices while on the put side, the highest OI is at 22100 strike price. On the other hand, Bank nifty has support at 46700-46500 while resistance is placed at 47500 and 48000 levels.

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