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Below the Quote on Post-market comment by Mandar Bhojane Research Analyst Choice Broking

In a volatile session, the Indian benchmark indices ended on a positive note, with the Nifty closing above 22,400 and reaching a lifetime high of 22,463.65. At the close, the Sensex was up 49.90 points or 0.07 percent at 73,856.05, and the Nifty was up 27.20 points or 0.12 percent at 22,405.60.

The Nifty's daily chart formed a neutral candlestick pattern, accompanied by substantial volume, signaling uncertainty. On the 1-hourly chart, the Nifty was trading in a range of 22,350 to 22,465, indicating that prices will remain sideways. If the price breaches the 22,460 level, there is potential for a further move towards 22,600 and 22,700. On the flip side, the immediate support for the Nifty is identified at 22,300.

Among sectors, banks, energy, infra, and pharma rose, while information technology, metals, FMCG, and automobile remained under pressure. On the stock-specific front, NTPC, HDFC Life, and Power Grid were the top gainers, while JSW Steel, Eicher Motors, and M&M were the worst hit.

Upon scrutinizing the Open Interest (OI) data, the call side revealed the highest OI at 22,500, followed by the 22,800 strike prices. On the put side, the maximum OI was observed at the 22,200 strike price.

In a volatile session, the Indian benchmark indices ended on a positive note, with the Nifty closing above 22,400 and reaching a lifetime high of 22,463.65. At the close, the Sensex was up 49.90 points or 0.07 percent at 73,856.05, and the Nifty was up 27.20 points or 0.12 percent at 22,405.60.

The Nifty's daily chart formed a neutral candlestick pattern, accompanied by substantial volume, signaling uncertainty. On the 1-hourly chart, the Nifty was trading in a range of 22,350 to 22,465, indicating that prices will remain sideways. If the price breaches the 22,460 level, there is potential for a further move towards 22,600 and 22,700. On the flip side, the immediate support for the Nifty is identified at 22,300.

Among sectors, banks, energy, infra, and pharma rose, while information technology, metals, FMCG, and automobile remained under pressure. On the stock-specific front, NTPC, HDFC Life, and Power Grid were the top gainers, while JSW Steel, Eicher Motors, and M&M were the worst hit.

Upon scrutinizing the Open Interest (OI) data, the call side revealed the highest OI at 22,500, followed by the 22,800 strike prices. On the put side, the maximum OI was observed at the 22,200 strike price.

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