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Below the Quote on Post-Market Comment by Deven Mehta, Research Analyst, Choice Broking

The Nifty exhibited a neutral performance with high volatility throughout the day after a gap down opening. Bank nifty also encountered volatility but closed negative for the day on its weekly expiry but managed to close above the strong support of 47900 levels at 48021.10.

The market has traded flat with the Sensex loosing 0.06 percent and closed at 73466.39 and Nifty was flat by 0.00 percent intraday and closed at 22302.50 levels whereas Bank Nifty closed Negative, down by 0.55 percent and settled at 48021.10.

Among sectors Nifty AUTO, Nifty PSU BANK and Nifty METAL ended in green while Nifty IT, Nifty FIN SERVISES and Nifty PVT BANK ended on the lower side. In Nifty stocks, HEROMOTOCORP, BPCL and TATA MOTORS were the top gainers while ASIAN PAINTS, GRASIM and DRREDDYS were the prime laggards.

INDIA VIX was Positive by 0.43 percent intraday and settled at 17.0800. 

Index has a support around 22225-22175 zone.  Coming to the OI Data, on the call side, the highest OI observed at 22500 followed by 22700 strike prices while on the put side, the highest OI is at 22000 strike price. On the other hand, Bank nifty has support at 47700-47500 while resistance is placed at 48300 and 48500 levels.

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