Weakness in Nifty only if it breaks 10k: Gaurav Garg of CapitalVia

Nifty is likely to face stiff resistance at 10,200

Indices rallied for sixth consecutive day; Nifty closed above 10,000

Market traded with positive sentiments, but the Nifty witnessed sharp profit booking in the last half an hour of the session. The index managed to close above 10,000 mark which is an important psychological level. Nifty managed to close at 10,061.50, adding 82.40 points. PSU banks, financial services, and realty closed on a positive note, but IT and metal stocks closed in the red. Nifty bank closed at 20,940.70, adding 410.50 points from the previous day’s closing.
 

As per the weekly option data, handful of put writing on higher strikes