NIFTY50:
  The Nifty50 opened lower at 15,520.35 and extended losses to hit a day's low of 15,459.85, but showed  smart recovery of 115 points in the last hour of trade to end in the positive, and closed at 15,576.20 up 1.35 points, 0.01 percent.
The index formed bullish candle on the daily charts as the closing was higher than opening levels. Experts feel the index needs to surpass 15,660 levels for strong uptrend towards 15,850 levels.

On options trades front, maximum Put option open interest was seen at 15,000 followed by 14,500 strike while maximum Call option open interest was seen at 16,000 followed by 15,500 strike. Minor Call writing was seen at 16,100 then 16,000 strike while Put writing was seen at 15,200 then 15,100 strike.
The above mentioned option data indicated that the Nifty50 could see an immediate trading range of 15,300 to 15,800 levels.


BANK NIFTY:
Bank Nifty opened low at 35,271.60 and even though it faced some resistance in the opening tick, the second half of the session showed  smart recovered in the positive, and closed the session gains at 35,373.75 level up 36.55 points and 0.10 percent.

The index formed a bullish candle on daily scale. Bank Nifty has to hold above 35,250 to witness an up move towards 35,750 and 36,000 zones while on the down side, support is seen at 35,000 and 34,750 levels, Expert and analysts feels.

TOP GAINERS AND LOSERS: 
GAINERS: UPL, TATA STEEL, HINDALCO, JSWSTEEL and RELIANCE.
LOSERS: ITC, TECHM, AXISBANK, ASIANPAINT and HDFC.