11,300 key level for Nifty ahead of F&O expiry: CapitalVia Global Research

The level of 11,000 might act as support

Nifty outlook
 

Market traded with mixed sentiments on Wednesday and witnessed profit booking from 11,300 levels. Nifty closed above 11,200 which will act as immediate support for July monthly expiry. Nifty managed to close at 11,202.90, slashing 97.60 points. Pharma and public sector bank (PSB) stocks traded with positive sentiment whereas auto, technology stocks closed in the red. Nifty bank closed at 22,076.60, slashing 28.60 points from the previous day’s closing.
 

As per weekly option data, handful of call writing on higher strikes ranging from 11,250 to 11,400 is seen which shows that Nifty would face resistance in the sub