Nifty index opened negative and continued the selling stance and broke its immediate support levels of 25750 zones. It attempted some recovery post the initial sell off but again gave up towards the end of the session and closed with losses of around 120 points. It formed a small bodied bearish candle on the daily frame and has been making lower highs – lower lows from the last two sessions. Now till it holds below 25900 marks, index may face some weakness towards 25750 then 25600 zones while hurdles have shifted lower to 26000 then 26150 zones.

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On option front, Maximum Call OI is at 26000 then 26300 strike while Maximum Put OI is at 25500 then 25400 strike. Call writing is seen at 26000 then 25900 strike while Put writing is seen at 25400 then 25800 strike. Option data sugg

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