NIFTY50:
The Nifty50 opened higher at 14,477.80 and hit an intraday high at 14,491.10 but turned volatile with a negative bias for the remaining session.The index touched the day at low 14,218.60, and end of the session at down 14,238.90, loss of 133 points or 0.93 per cent.
The index formed a bearish candle on the daily charts as the closing was lower than the opening levels. Market can be expected next trading session selling pressure to be continued.

The options data trades open a wider trading range for the Nifty50 at 14,000 to 14,600 levels. Maximum Put option open interest was seen at 14,000 followed by 14,200 strike, while maximum Call option open interest was at 15,000 followed by 14,500 strike. Call option writing was seen at 14,400 then 14,500 strike while Put option writing was seen at 14,200 and 14,100 strike.

BANK NIFTY:
The Bank Nifty opened higher at 31,507.15 but failed to surpass its key hurdle of 31,750 levels and The index touched the day at low of 31,013.65. and the end of the session up at 31,198.40levels, gains 31.15 ponits or  It outperformed the Nifty as it closed0.10 per cent. The index formed a large bearish candle on the daily charts.
The Bank Nifty has been making lower top-lower bottom on the shorter time frame and bounces are being sold. it remains below 31,750, the bounce should be sold for the down side move towards 30,750 and 30,500 while on the upsid e hurdles are seen at 31,750 and 32,000 levels, analyst said.
NIFTY TOP 5 GAINERS AND LOSERS:
GAINERS: GRASIM, UPL, CIPLA, HEROMOTOCO and AXISBANK
LOSERS: RELIANCE, INDUSINDBK, HCLTECH, TATAMOTORS and EICHERMOT