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

Indian equity indices ended on a flat note in a highly volatile session on July 11. At close, the Sensex was down 27.43 points or 0.03 percent at 79,897.34, and the Nifty was down 8.50 points or 0.03 percent at 24,316.00.

On the daily chart, Nifty is trading sideways in the range of 24,140 to 24,460. A strong close above the 24,460 level could potentially take it up to the 24,800 level. On the flip side, 24,200 and 24,100 act as immediate support. The RSI is trading at 68.9, indicating a strong bullish trend.

Among sectors, the realty index was down 1.5 percent and the pharma index was down 0.5 percent, while the media and oil & gas indices were up 1-2 percent. The BSE midcap index rose 0.4 percent while the smallcap index added 0.6 percent.

The India VIX, which measures market volatility, decreased by 3.03 percent intraday, settling at 13.9950, indicating reduced market fear. Regarding the Open Interest (OI) data, on the call side, the highest OI was observed at the 24,800 and 25,000 strike prices, while on the put side, the highest OI was at the 24,000 strike price.

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