Nifty needs to hold 11,800 for further upside
Markets traded with mixed sentiments throughout the day on Friday, November 1 and held 11,800 which will act as an important level ahead of monthly expiry. Nifty closed at 11,890.60 adding13.10 points. Media, metal and banking stocks traded with positive sentiments throughout the day and gained most among indices. Media index performed exceptionally well with 7.63 percent. Nifty bank closed at 30,330 adding 264.25 points from the previous day’s closing.
As per weekly option data, handful of Put writing on strikes ranging from 11,700 and 11,900 which shows Nifty likely to take