The Indian market suffered losses on the last day of July futures and options (F&O) series, amid weak global cues, as concerns over accelerating coronavirus cases weighed on investor sentiment.
The Sensex closed 335 points, or 0.88 percent, down at 37,736.07 and the Nifty ended 101 points, or 0.9 percent, lower at 11,102.15 levels.
According to pivot charts, the key support level for the Nifty is placed at 11,024.8, followed by 10,947.4. If the index moves up, the key resistance levels to watch out for are 11,239.8 and 11,377.4. The Nifty Bank closed 1.95 percent lower at 21,646.85. The important pivot level, which will act as crucial support for the index, is placed at 21,400.47, followed by 21,154.13. On the upside, key resistance levels are placed at 22,072.87 and 22,498.93.
Nifty – Maximum call OI of 55.38 lakh contracts was seen at 11,200 strike, which will act as crucial resistance in the August series. Maximum put OI of 49.84 lakh contracts was seen at 11,100 strike, which will act as crucial support in the August series.
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