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

Indian benchmark indices erased previous session losses and ended higher on July 1, with the Nifty around 24,150. At close, the Sensex was up 443.46 points or 0.56 percent at 79,476.19, and the Nifty was up 131.40 points or 0.55 percent at 24,142.

After a flat opening, the Nifty continuously made higher highs and higher lows, indicating a strong bullish uptrend. Trading near its all-time high level, the Nifty suggests that the strong bullish trend will continue if the index closes above the 24,200 level. It has the potential to reach up to 24,500 in the upcoming days. On the flip side, 24,000 and 23,750 act as immediate support levels. As the market is in an overbought zone, investors and traders should cautiously trail their stop-loss orders. Any dip near the 23,600 and 23,200 levels will present a buying opportunity.

Regarding the Open Interest (OI) data, on the call side, the highest OI was observed at the 24,500 and 24,700 strike prices. On the put side, the highest OI was at the 24,000 strike price.

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