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

The level of 11,000 will act as support for the Nifty as maximum put open interest (OI) is placed here

Nifty outlook

Last week, markets traded with positive sentiment on strong global cues and closed at record high weekly closing level since February. Nifty managed to close above 11,900 at 11,914.20, adding 79.60 points. Banking stocks, technology sector traded with positive sentiments whereas Pharma, metal, and realty closed in the red, with marginal loss. Nifty bank closed at 23,804.80, adding 655.20 points from the previous day’s closing.
 

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. The level of