NIFTY50 :
 The Nifty50 opened flat at 14,473.80 and turned volatility to hit a intraday low of 14,432.85 level, but the buying same dip helped the Nifty index recover losses and extended rally to hit an intraday record high at 14,590.65 in afternoon session. It closed at 14,563.50 level, market up 78.70 points or 0.54 per cent.
The Nifty index continued the formation of higher highs from the last fourteen trading sessions.Experts feels the the nifty takes upto 14,750 levels.
On options trade, maximum Put option open interest was at 14,000 followed by 13,000 strike while maximum Call option open interest was at 15,000 followed by 14,000 strike. Call option unwinding was seen at immediate strike with minor Call option writing at 15,000 while Put option writing was seen at 14,500 then 14,400 strike.The above mentioned options data indicated that the Nifty could see an immediate trading range at 14,300 to 14,800 levels.
BANK NIFTY :
Bank Nifty opened negative at level of 31,835.05 but saw quick recovery in the initial half of the day with support at 31,750 level. The second half saw range bound move and the banking index settled at 32,339 level, make up 340.10 points or 1.06 per cent.
Bank NIFTY formed a Bullish engulfing candle on daily scale and given a recent highest daily close. Now it has to continue to hold above 32,000 level to witness an bullish towards 32,613 and 33,000 while on the bearish support is seen at 31,750 and 31,500,
NIFTY TOP 5 GAINERS AND LOSERS :
GAINERS: TATAMOTORS, GAIL, BHARATIATL, SBIN and COALINDIA
LOSERS : ASIANPAINT, TITAN, NSETLEIND, SUNPHARMA and HINDUNILVR