Market ended at two-week closing high on Thursday, tracking rally in
global peers after the first Fed rate hike in almost a decade. The
market rallied for fourth consecutive session today. It was a U-shape
recovery for indices as the market slipped in red after rallied for
first half an hour of trade but it managed to rebound significantly
in last couple of hours of trade. The Sensex surged 309.41 points or
1.21 percent to 25803.78 and the Nifty rose 93.45 points or 1.21
percent to 7844.35.
Finally Federal Reserve raised interest rates by 25 basis points,
which was the first rate hike since 2006. Open Interest was seen in 7800 and 7900 Call Option looking as a
resistance level for Nifty and in the down side highest open interest
was seen in 7700 and 7600 put looking as a major support level for
Nifty.
Highest OI increase w.r.t to increase in price was seen in and
Highest OI increase w.r.t to IDBI decrease in price was seen in
VOLTAS.
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