The S&P BSE Sensex and Nifty50 are expected to consolidate following positive global cues, as India VIX rises by 2.15% from 11.12 to 11.38. Maximum call OI is at 18600 with maximum put OI at 18500, causing a broader trading range between 18300 and 18800 and an immediate range between 18450 and 18700 zones. Nifty is holding above 18580 zones for an up move towards 18666 and 18750 zones, with downside support at 18480 and 18442 zones. Stocks such as HPCL, RCF and Jindal Steel are recommended for trading with a short-term horizon.
