Nifty index opened positive and maintained its momentum throughout the day and bulls drove the index higher to 25220 marks. It has moved by around 650 points in the last four sessions and elated the market sentiment. However it witnessed profit taking in the last hour and gave up most of its intraday gains. It formed a small bodied candle on the daily frame and has been making higher highs - higher lows from the last four sessions. Now it has to hold above 25050 zones for an up move towards 25250 then 25350 zones while supports can be seen at 25000 then 24900 zones.
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On option front, Maximum Call OI is at 25200 then 25500 strike while Maximum Put OI is at 25000 then 25100 strike. Call writing is seen at 25200 then 25300 strike while Put writing is seen at 25000 then 25200 str