NIFTY50:
The Nifty50 opened high at 14,371.65 and extended gains at the day progressed to hit an intraday high at 14,546.05. The NIFTY index closed at 14,521.20, up 239.85 points or 1.68 per cent.
Bulls made a strong come back as the index witnessed sustained up move through out the trading session recovers at 240 points. Nifty may go back all the way to high present around 14,653 levels. But bulls failed to defend today intraday low at 14,350 levels then the current positive momentum will fade away and index may reach recent low at 14,222.
The options data indicated that Nifty50 index could trade an immediate range at 14,300 to 14,700 levels in coming sessions.
On NIFTY options trade, maximum Put option open interest was seen at 14,000 followed by 13,000 strike while maximum Call option open interest was at 15,000 followed by 14,500 strike. Call option writing was seen at 15,000 then 14,700 strike while Put oprion writing was seen at 14,400 and unwinding at 13,500 strike.

BANK NIFTY:
Bank Nifty opened gap-up at 32,082.90 and remained consolidate the initial half of the day. Banking stocks performed well during the day index hit an intraday high at 32,464.65, Then end of the session index closed at 32,434.85, up 613.10 or 1.93 per cent. 
It formed a bullish candle on daily scale with a long lower shadow, it has to continue to hold above at 32,200 levels to witness in an upmove towards 32,750 and 33,000 while on the down side support is seen at 32,000 and 31,750 levels.

NIFTY TOP 5 GAINERS AND LOSERS:
GAINERS: BAJAJFINSV, BAJFINANCE, TATAMOTORS, HINDALCO and SUNPHARMA.
LOSERS: ITC, TECHM, BRITANNIA, M&M and EICHERMOTS