Nifty outlook and stock pick by Gaurav Garg of CapitalVia Global Research

As per weekly option data, handful of put writing on lower strikes ranging from 11,700 to 11,900 is witnessed which shows Nifty would face firm support in sub-11,800 zone

Market trade higher ahead of weekly expiry, Nifty likely to face resistance at 12,000
 

Market traded with strength through-out the day amidst mixed global cues after SC adjourned hearing on moratorium case. Nifty defended its key support placed at 11,800 and managed to close at 11,971 adding 36.50 points. Banking and reality sector traded with positive sentiments whereas technology, pharma and auto sector closed in the red mark with marginal loss. Nifty bank closed at 23,874.70, adding 382.50 points from the previous day's closing.
 

As per weekly option data, handful of put writing on lower strikes ranging from 11,700 to