Nifty outlook and technical calls by Jay Anand Thakkar ,CMT -Assistant Vice President - Equity Research, Anand Rathi Research:
Nifty outlook
Nifty has been consolidating in this 300 points range as anticipated. Now, till this range of 10930 to 10650 is not broken of the either side we will see further consolidation. Next week being an expiry week the probability of breakout or breakdown seem less likely as we have seen 10800 & 10900 call strike have highest open interest whereas 10600 & 10700 put strike have highest open interest. However, if there is breakout form this range there will be minimum