 "Nifty might face support in the zone of 15,000")
Market traded with bullish sentiments on Wednesday on the back of strong global cues and managed to close higher by 2.19 per cent on strong global cues. India VIX cooled off by more than 6 per cent which shows bulls reclaimed their grip over markets. Nifty closed at 15,245.60 with gain of 326.50 points. Private bank, PSU bank and metal stocks traded with positive sentiments whereas automobile sector closed in the red with marginal lose. Nifty bank closed at 36,368.10, adding 948.40 points from the previous day’s closing.
As per weekly option data, heavy put writing on lower strikes ranging
