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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, 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 22474.05 levels. Banknifty also moved higher today and closed the session at 47965.40 levels on the day of weekly expiry.

The market has traded Positive with the Sensex gaining 0.55 percent and closed at 74085.99 and Nifty was positive by 0.53 percent intraday and closed at 22474.05 levels, also Bank Nifty closed positive, up by 0.81 percent and settled at 47965.40.

Among sectors Nifty IT, Nifty PHARMA and Nifty PVT BANK ended in green while Nifty METAL, Nifty REALTY and Nifty MEDIA ended on the lower side. In Nifty stocks, BAJAJ AUTO, KOTAKBANK and AXIS BANK were the top gainers while ADANI ENTERPRISE, NTPC and ONGC were the prime laggards.

INDIA VIX was Negative by 0.59 percent intraday and settled at 14.2950. 

Index has a support around 22350-22300 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 22300 strike price. On the other hand, Bank nifty has support at 47400-47250 while resistance is placed at 48250 and 48400 levels.

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