DSIJ Mindshare

Nifty and Sensex managed to put up minor gains ahead of Diwali weekend. The benchmark index closed at 17,576 while Sensex gained 100 points.

Going ahead, on Nifty, the level of 18,000 is likely to act as a stiff resistance as the maximum concentration of open interest is seen around this strike on the Call option side with over 73 lakh shares while in today’s session, over 3 lakh shares were added (this data is on a provisional basis). 

Indices closed nearly at their day’s low. Nifty fell nearly a per cent while Sensex lost about 508 points.

Indices closed lower for the sixth consecutive day and ended the week on a bearish note. Nifty slipped about 0.44 per cent.

Indices witnessed profit booking towards the end of the session ahead of the key US Fed event. Nifty slipped a quarter per cent to close just below the 15,700-support level while Sensex lost 152 points.