The Nifty 50 finished rangebound trading flat with a positive bias on March 7. The index sustained above the bearish gap of February 28 for another session with above-average volumes. The Bank Nifty also reported a small-bodied bullish candle with a long upper and minor lower shadow on the daily timeframe, resembling a Doji-like candlestick pattern (though not a classical one) The index negated the higher highs formation of the previous couple of sessions and closed below the 5-day EMA with a 130-point loss on Friday. According to experts, as long as the index holds 22,500 in the upcoming sessions, an upward journey toward the 22,750-22,800 zone is possible. The maximum Call writing was observed at the 23,600 strike, which saw an addition of 54.29 lakh contracts, followed by the 22,.800 and 23,100 strikes, which added 49.42 lakh and 46.2 lakh contracts. There was hardly any Put unwinding seen in the 21,600-23,650 strike band.