Nifty index opened positive and continued buying cues from where it left in the previous week and soared to cross 26k marks. It witnessed a gradual up move throughout the day and the index was seen repeatedly finding support at minor retracements. It formed a bullish candle on the daily frame and finally closed near its day’s higher band with gains of around 100 points after successfully defending any intermediate pivots. Now it has to hold above 25900 zones for the next up move towards 26150 then 26277 zones while supports can be seen at 25900 then 25800 zones.

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On option front, Maximum Call OI is at 26000 then 26100 strike while Maximum Put OI is at 25900 then 26000 strike. Call writing is seen at 26000 then 26100 strike while Put writing is seen at 25900 then 25950 strike.

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