Indian markets once again reached record high levels as the benchmark Nifty closed above 14,500 level while Bank Nifty ended above 32,300 on January 12.

On the derivatives front, heavy Put writing was observed at 14,500 strike while Call writers were seen shifting to higher bands.

This indicates that bulls are likely to keep charge in the upcoming sessions as well.

Technical indicators suggest that the market is likely to witness intraday volatility in the upcoming sessions while bias is likely to remain in favour of bulls as long as Nifty is trading above 14,300 levels.