The Nifty future closed negative with losses of 1.35% at 25990 levels on Tuesday.

On the options front, the maximum Call OI is placed at 26000 and then towards 27000 strikes while the maximum Put OI is placed at 25000 and then towards 26000 strikes.

Call writing is seen at 26000 and then towards 26200 strike while Put writing is seen at 25800 and then towards 25600 strikes.

“Options data suggests a broader trading range in between 25400 to 26300 zones while an immediate range between 25600 to 26100 levels,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

“Nifty formed a bearish candle on the daily frame on Tuesday and broke its higher highs formation of the last seven sessions,” he said.“Now till the index holds below 25850 zones, some weakness could be seen towards 25650 then 25500 zones whereas hurdles are placed at 25950 then 26150 zones,” recommended Taparia.

Expert: Jayesh Bhanushali, Senior Derivative & Technical Research Analyst, IIFL told ETBureau

Deepak Fertilizers: Buy| Target Rs 1148| Stop Loss Rs 1085

ABB: Buy| Target Rs 8550| Stop Loss Rs 8080

Deepak Fertilizers: Buy| Target Rs 3074| Stop Loss Rs 2870

Expert: Nooresh Merani, an independent technical analyst told ETNow

Kotak Mahindra Bank: Buy| Target Rs 2000| Stop Loss Rs 1820

Dr Lal PathLabs: Buy| Target Rs 3700| Stop Loss Rs 3300

Tata Chemicals: Buy| Target Rs 1250| Stop Loss Rs 1080

Expert: Kunal Bothra, Market Expert told ETNow

Syngene: Buy| Target Rs 945| Stop Loss Rs 888

Tech Mahindra: Buy| Target Rs 1660| Stop Loss Rs 1590

Chambal Fertilizers: Buy| Target Rs 575| Stop Loss Rs 525

(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)