Nifty fluctuated between gains and losses and ended September 6 higher. At the close, Nifty rose 0.18% or 36 points to 19611. Volumes on the NSE were higher compared to the recent average. The smallcap index ended narrowly in the red, trailing the Nifty after a gap. The advance-drop ratio fell but remained above par at 1.07:1. After a flat open, Nifty fell near the first support level of 19500 and recovered towards the day's high. The Nifty managed to close above the initial resistance of 19600 but the Bank Nifty closed below 44500 on the day of its first weekly expiry on Wednesday. The market traded positively with the Sensex gaining 0.15% to settle at 65880, 52 closed and the Nifty gained 0.18% intraday to close at the level of 19611.05 while Bank Nifty declined 0.28% to settle at 44409. Among sectors, Nifty FMCG, Nifty Pharma and Nifty Consumer ended in the green while Nifty Metal, Nifty PSU Bank and Nifty IT ended on the lower side. Among Nifty stocks, Divis Lab, Bharti Airtel and Cipla were the biggest gainers while Axis Bank, Hindalco and Tata Steel were the biggest laggards. The INDIA VIX was negative by 1.39% intraday and settled at 10.67. The index has support around the 19500-19300 zone. As for the OI data, on the call side the highest OI is at 19750 followed by a strike price of 19800 while on the put side the highest OI is at a strike price of 19550. On the other hand, Bank Nifty has support at 43800-44200 while resistance lies at 44700-45000.
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