From the options space, significant Call writing can be seen at ATM strikes with total open interest of more than 1 cr shares at both 17900 and 18000 Call strikes. For the first time during the series, we are witnessing higher Call writing than the Put bases. Hence one can expect some consolidation below 18000 during settlement and fresh up leg might be seen only if Nifty moves above these levels.
US stocks close lower as tariff uncertainty weighs
Trump said he and top administration officials will review potential trade deals over the next two weeks to decide which ones to accept.
May 7, 2025