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As per weekly option data, a handful of call writing on higher strikes ranging from 11,800 to 12,200 is observed which shows Nifty is witnessing strong resistance in the sub-11,800 zones.

Markets witnessed heavy sell-off as budget failed to cheer D-street; Indices fell more than 2.5 per cent
 

Market traded with volatility on Saturday and saw a sharp sell-off and closed at its critical 200-day EMA. Market closed at 11,661.90 with a huge drop of 300 points. Bank Nifty cracked more than 3.2 per cent and closed at 29,820.90. Realty, media and financial services stocks traded with negative sentiments through the day whereas, IT stocks witnessed some helping hand on Saturday’s special budget day session. 
 

As per weekly option data, handful of call writing on higher strikes ranging from 11,800 to