Hi,
Today, Nifty Opened above its close on Friday and moved to 4740 level in the morning. steadily inched up to 4760 level. in the after noon broke above 4770 and about an half an hour before the close made day's high of 4786 and closed around 4775.Major European Markets are closed today.
Here is a Nifty Option of 26th Dec 11(Mon). 4700 put, 4800 put have seen OI build up and 4800 call, 4900 call have seen OI build up.Given the nature of options, the strategies can be many in this range.But with today's Nifty Performance 4700 seems to be good support for the remainder of series. 3 more session are left in this series.
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