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The options data indicated that 22,000 is expected to be crucial for further direction in the Nifty 50, with immediate support at 21,900, and resistance at 22,100-22,200 levels.
Based on the OI percentage, 130 stocks were on the short-covering list. This included Sun Pharmaceutical Industries, Samvardhana Motherson International, Alkem Laboratories, Zydus Lifesciences, and Bata India.
The options data shows in index may face resistance in the 21,500-21,800 range in the coming sessions, with immediate support at 21,400, and then 21,000
A short build-up was seen in 55 stocks including LTIMindtree, HDFC Bank, ICICI Prudential Life Insurance Company, Max Financial Services Company, and IndiaMART InterMESH.