Market traded in close range on Friday; 12,000 would be crucial for next week
Market traded in a close range on Thursday as traders turned cautious ahead of an extended weekend since equity markets remained closed on Friday due to Mahashivratri. The Nifty closed at 12,080.90 on Thursday, shedding 45 points. PSU banks, Metal and Private banks traded with positive sentiments whereas IT and FMCG stocks traded with weakness. Nifty bank closed at 30,942.85, adding 104.65 points from the previous day’s closing.
As per the weekly option data, handful of call writing on higher strikes ranging from 12,100 to 12,200