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

The Sensex and Nifty, key equity benchmarks, traded sideways after a gap up opening. Nifty for the day traded volatile in a small range after a gap up opening and closed the session at 22462.00 levels. Banknifty also moved higher today and managed to close above 47500 levels.

The market has traded Positive with the Sensex gaining 0.49 percent and closed at 74014.55 and Nifty was positive by 0.61 percent intraday and closed at 22462.00 levels, also Bank Nifty closed positive, up by 0.96 percent and settled at 47578.25.

Among sectors Nifty PSU BANK, Nifty PHARMA and Nifty METAL ended in green while Nifty AUTO and Nifty FMCG ended on the lower side. In Nifty stocks, JSW STEEL, TATA STEEL and DIVIS LAB were the top gainers while EICHER MOTORS, TITAN and NESTLE were the prime laggards.

INDIA VIX was Negative by 5.84 percent intraday and settled at 12.0825.

Index has a support around 22400-22350 zone.  Coming to the OI Data, on the call side, the highest OI observed at 22500 strike prices while on the put side, the highest OI is at 22200 strike price. On the other hand, Bank nifty has support at 47100-46900 while resistance is placed at 48000 and 48200 levels.

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