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The Nifty50 saw a 73-point trading range before signing off with a Doji for fifth day in a row.
Options data indicates trading range for the Nifty at 11,000-11,500 for the next few days.
Maximum Put open interest was at 11,000 followed by 10,000 strike, while maximum Call open interest was at 11,500 followed by 12,000 strike. Minor Call writing was seen at 11,700 and 11,800 strike while Put writing was seen at 11,000 then 11,300 strike.
The Bank Nifty opened positive and remained consolidative for most part of the session with its up move towards 22,250 levels. It outperformed the benchmark index, closing 326.95 points higher at 22,227.20 and formed a bullish candle on the daily scale.