 "Nifty might witness support in subzone of 10,500 might act as support as well as maximum put OI is placed here")
Nifty trades higher, closes above 10,500 on Friday; needs to hold 10,500 for further upside
Market traded with positive note on mixed Asian markets cues on Friday. The index traded in range as US market were closed on Friday. However, Nifty settled above 10,500 which might act as key support for this week. Nifty managed to close at 10,607.40 adding 55.70 points. Technology, Realty and automobile stocks closed with positive note, whereas PSU banks and metal stocks closed in red mark. Nifty bank closed at 21,852.40 slashing 100.80 points from the previous day’s closing.
Market traded with positive note on mixed Asian markets cues on Friday. The index traded in range as US market were closed on Friday. However, Nifty settled above 10,500 which might act as key support for this week. Nifty managed to close at 10,607.40 adding 55.70 points. Technology, Realty and automobile stocks closed with positive note, whereas PSU banks and metal stocks closed in red mark. Nifty bank closed at 21,852.40 slashing 100.80 points from the previous day’s closing.
As per weekly option data,
