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

Indian benchmark indices ended on a positive note, with the Nifty closing above 22,100. At the close, the Sensex surged by 526.01 points or 0.73 percent to 72,996.31, while the Nifty rose by 119 points or 0.54 percent to reach 22,123.70. During the session, 1564 shares advanced, 2130 shares declined, and 104 shares remained unchanged.

On the 1-hourly chart, the Nifty formed an inverted head and shoulders chart pattern, indicating a bullish reversal. If the price sustains above the 22,200 level, it is likely to further rise towards 22,400 and 22,500 levels in the upcoming days. On the flip side, the 22,000 level is expected to act as a strong support zone, where the 20, 50, 100, and 200 EMAs align.

Analysis of the Open Interest (OI) data reveals the highest OI on the call side at the 22,400 strike price, followed by the 22,500 strike price. On the put side, the highest OI was observed at the 22,000 strike price.

The biggest gainers on the Nifty were Reliance Industries, Maruti Suzuki, Bajaj Auto, Bajaj Finance, and Titan Company, while losers included Hero MotoCorp, Tata Consumer Products, Apollo Hospitals, Dr. Reddy's Labs, and Wipro.

Among sectors, auto, bank, capital goods, power, realty, and telecom were up by 0.5-1 percent, while metal, IT, and media were down by 0.3-0.5 percent. The BSE Midcap index ended on a flat note, while the Smallcap index rose by 0.7 percent.

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