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Below the Quote on Post Market Comment by Mandar Bhojane, Research Analyst, Choice Broking

Indian benchmark indices ended marginally higher in a volatile session on July 30. At the close, the Sensex was up by 99.56 points or 0.12 percent, at 81,455.40, and the Nifty was up by 21.20 points or 0.09 percent, at 24,857.30.

After a flat opening, the Nifty reached a high of 24,971.75 but fell 133 points from the day's high in the last hour to settle at 24,857.30. If the index manages to close above the 24,950 level, it could reach new all-time highs with targets of 25,200 and 25,500 in the coming days. On the downside, 24,700 and 24,600 act as immediate support, presenting a buying opportunity on dips.

The India VIX, a gauge of market volatility, decreased by 0.50 percent intraday to settle at 12.88, indicating increased market uncertainty. In terms of Open Interest (OI) data, the highest OI on the call side was observed at the 25,000 and 25,500 strike prices, while on the put side, it was at the 24,500 strike price.

The overall trend remains sideways to bullish, and the market is expected to remain highly volatile. Investors should hold their positions with a trailing stop-loss.

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