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

The Nifty exhibited a positive performance on its weekly expiry and closed at all time high levels. Nifty has formed a shooting star candlestick pattern on daily charts indicating Profit booking from higher levels. Bank nifty also encountered volatility and managed to close above 53000 at 53037.60 a level which is also the 3^rd best closing for Bank Nifty Index.

The market has traded positive with the Sensex gaining 0.29 percent and closed at 83184.80 and Nifty was positive by 0.15 percent intraday and closed at 25415.80 levels also Bank Nifty closed positive, up by 0.54 percent and settled at 53037.60.

Among sectors Nifty FMCG, Nifty AUTO and Nifty PVT BANK ended in green while Nifty MEDIA, Nifty PSU BANK and Nifty METAL ended on the lower side. In Nifty stocks, NTPC, TITAN and NESTLE were the top gainers while BPCL, COALINDIA and ONGC were the prime laggards.

INDIA VIX was negative by 6.75 percent intraday and settled at 12.4700.

Index has a support around 25300-25150 zone.  Coming to the OI Data, on the call side, the highest OI observed at 26000 strike prices while on the put side, the highest OI is at 25000 strike price. On the other hand, Bank nifty has support at 52700-52500 while resistance is placed at 53350 and 53500 levels.

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