Hi,
Today , Nifty at opening has gone to 4730 level and found support. climbed above 4750 and moved in between 4750 and 4780 in the morning. In the afternoon, has gone to level of 4797 but came back down to 4730 level around 2.30 or so.It found support and spurted to 4820 level by the end of session.average close is at 4800.looked like 4730 is good support today and 4700 is good base for the market.4700 put still has highest open interest.
here is Nifty Option Chain of 13th Dec 11(Tue).
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