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

On June 11, Indian benchmark indices concluded the trading session with a downward trajectory, experiencing volatility, and the Nifty hovering around 23,260. The Sensex closed lower by 33.49 points or 0.04 percent at 76,456.59, while the Nifty recorded a decline of 5.65 points or 0.02 percent, settling at 23,264.85.

The index displayed a tweezer top candlestick pattern on the daily chart, suggesting a potential trend reversal. If the price closes below the 23,200 level, it may see further correction down to the 23,100 and 23,000 levels. On the flip side, if the index closes above the 23,350 level, it could reach a new all-time high near 23,500 and above.

Among sectors, selling was seen in the banking, FMCG, healthcare, and metal sectors, while capital goods, oil & gas, and realty sectors were up 1 percent each.

The India VIX, which measures market volatility, decreased by 9.82 percent intraday, settling at 14.7650, indicating reduced market fear. Regarding the Open Interest (OI) data, on the call side, the highest OI was observed at the 23,400 and 23,500 strike prices. On the put side, the highest OI was at the 23,000 strike price.

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