It recovered right from the start of the day and it formed a bullish candle on daily frame with support based buying. Now it has to cross and hold above 25000 zones for a bounce towards 25150 then 25250 zones whereas supports are placed at 24750 then 24650 zones.
India VIX was down by 6.44% from 15.22 to 14.24 levels. Volatility cooled off and paved way for buying at lower levels.
On option front, Maximum Call OI is at 25000 then 25200 strike while Maximum Put OI is at 24000 then 24500 strike. Call writing is seen at 25400 then 24800 strike while Put writing is seen at 24900 then 24800 strike.
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