 "Nifty closed below 10,000 which might act as stiff resistance")
Markets closed in the green on Friday despite a huge gap-down opening of almost 300 points due to soft global cues. Nifty closed below 10,000 which might act as stiff resistance. The index managed to close at 9,972.90, adding 70.90 points. Auto, reality and PSU banks closed on a positive note, but IT stocks closed in the red mark. Nifty bank closed at 20,654.50 adding 129.35 points from the previous day’s closing.
As per weekly option data, handful of put writing on higher strikes ranging from 9,400 to 9,700 is seen which shows Nifty might witness support in subzone of
