Indian market likely to consolidate on Tuesday tracking muted global cues. India VIX indicates positive sentiment. Chandan Taparia from Motilal Oswal Financial Services Limited predicts a trading range of 22000 to 23000 for Nifty. Stocks recommended for short-term trading include IRCTC, MCX, Zydus Life, Coal India, NALCO, IEX, Axis Bank, and Aurobindo Pharma.
On the options front, the maximum Call OI is placed at 23000 and then towards 22,500 strikes while the maximum Put OI is placed at 22,000 and then towards 2,1800 strikes.