On the options front, the maximum Call OI is placed at 19800 and then towards 20000 strikes while the maximum Put OI is placed at 19500 and then towards 19700 strikes. Call writing is seen at 19700 and then towards 19800 strikes while Put writing is seen at 19600 and then towards 19500 strikes.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction