 "Nifty needs to hold 14,500 to sustain upside: Gaurav Garg of CapitalVia")
The market traded higher on Wednesday as the Nifty index continued to hold its momentum for second straight session on strong global cues. The index closed at 14,644.70 adding, 123.50 points. Technology, PSU banks and media stocks traded with positive sentiments whereas FMCG sector closed with a red mark with marginal loss. Nifty Bank closed at 32,543.70, adding 118.90 points from the previous day's closing.
As per weekly option data, significant put writing on lower strikes, ranging from 14,500 to 14,600, is witnessed which shows that Nifty might take support in the zone of 14,500 as maximum put OI is placed
