We can witness short covering if Nifty breaches 11,800: Gaurav Garg

Nifty could face firm support in sub 11,600-zone.11,600 will act as support as maximum put OI is placed here

Market trade higher ahead of weekly expiry, Nifty likely to face resistance at 11,800
 

The stock market traded with strength through-out the day on Wednesday amidst weaker global cues after US President Donald Trump called-off stimulus package till elections. Nifty closed above 11,700 and is the immediate support to watch out for. The index managed to close at 11,738.85 after adding 76.50 points. Auto, banking sector traded with positive sentiments whereas media, metal and reality sector closed in red mark. Nifty bank closed at 22,964.80, adding 111.10 points from the previous day's closing.
 

As per weekly option data, handful of