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

In today's trading session, benchmark stock market indices closed on a strong note, buoyed by gains across various sectors including metal, realty, banking, and information technology (IT) stocks. The S&P BSE Sensex climbed by 539.50 points to reach 72,641.19 at the closing bell, while the Nifty50 settled 172.85 points higher at 22,011.95.

Volatility decreased significantly, leading to sharp rises in broader market indices. The Nifty Smallcap 100 index surged by 2.5 per cent, and the Nifty Midcap 100 gained 2.4 per cent, marking a substantial turnaround from recent sessions.

The Nifty exhibited a gap-up opening and sustained levels above 21,900, indicating price stability. Throughout the trading day, the Nifty traded within the range of 21,930 to 22,080, showcasing sideways momentum. Notably, the Nifty reversed from a support level and is currently trading above the 22,000 level. If prices breach the 22,120 level, further upward movement towards 22,300 and 22,400 levels is anticipated. Conversely, immediate support levels lie at 21,900 and 21,800.

Analysis of the Open Interest (OI) data reveals the highest OI on the call side at the 22,200 strike price, followed by the 22,500 strike price. On the put side, the highest OI is observed at the 21,800 strike price.

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