Nifty ended Tuesday’s trading session with a gain of 126 points to end near the 24,700-level and form a small positive candle with minor upper shadow on the daily chart.
The underlying trend of Nifty remains positive. A sustainable move above the hurdle of 24700 levels could open the next upside target of 25000-25100 in the near term. Immediate support is at 24500 levels, said Nagaraj Shetti of HDFC Securities.
Open Interest (OI) data showed the highest OI on the call side at 24,900 and 25,000 strike prices, while on the put side, it was concentrated at 24,500 strike price.
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