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On the call side, there are notable OI concentrations at the 22,500 and 22,900 levels, suggesting these as resistance levels to watch, with the 22,900 level approaching all-time highs.
The Nifty Realty index is not yet overbought on the charts. It has hit a fresh 52-week high following classical consolidation, said Milan Vaishnav.
Ashwini Shami sees general elections as a low probability but high-impact event on the negative side in the short run.
As the fourth quarter earning results trickle in, experts have noted that the commentary surrounding the FMCG sector has mostly been positive.
Stock market today: Sensex closed with a loss of 384 points, or 0.52 per cent, at 73,511.85. The Nifty 50 closed 140 points, or 0.62 per cent, lower at 22,302.50