Nifty View:
The last trading of August witnessed a smart recovery from intraday low of 10,874.80 and settled in the green at 11,023.25, gaining 74.95 points ahead of announcements made by the Finance Minister Nirmala Sitharaman on Friday evening.
All sectors closed on a positive note comprising Pharma, fast moving consumer goods (FMCG) and metals sector showing the highest bullish sentiment. Banks underperformed and their benchmark index Nifty Bank closed at 27,427.85, gaining less than half a per cent.
As per option data, huge put writing is evident on lower strikes ranging from 10,800 to 11,000 which will act as support for the