#NIFTY50 weekly view
The options data and falling volatility both indicated positive bias for the market in coming week. huge amount of Put writing was seen at 11,000 and 11,100 strikes whereas the maximum open interest was placed at 11,000 strike, which held the open interest of 29 lakh contracts and also could to act as an immediate support in the coming week.
A fresh Call writing was seen at 11,500 strike which also held the maximum open interest followed by 11,300 strike.
The overall option data indicates that bulls are having the upper hand and Nifty may oscillate in a broader range of 11,000 - 11,500.
if break 11380 could go up for 11500