The Indian market continues witnessing new record highs and inching higher on the back of strong global and domestic cues.

Nifty surpassed 15,400 while Bank Nifty hit an all-time high above 37,700 on February 16 with PSU banks outperforming the market on news that the government is all set to bring amendments to two Acts to enable privatisation of PSU banks.

However, traders were also seen locking profits at higher levels as IT and FMCG stocks witnessed some selling pressure.

On the derivative front, however, the tug of war between bulls and bears is likely to continue in the coming sessions as well as Call writers are seen adding hefty open interest at 15,300 & 15,400 strikes, while Put writers also hold maximum open interest at 15,300 strikes as of now.

For the next few sessions, we expect the market to remain volatile and trade in the range of 15,100-15,400 with some stock-specific action.