Hi,
Nifty more or less maintained its bullish trend today. Nifty opened around 4860 and came to a low of 4840.recovered well and moved to touch a high of 4897 by afternoon. This is weekly high. selling pressure brought the nifty to a 4840 levels.recovered again and closed around 4870 level.
During the weekend there is a significant market moving news. S & P has downgraded France and Austria from AAA to AA+ . Though there were rumours about this during US , Europe market hours, actual news came after those markets are closed. Asian markets will be first to open on Monday after this news came out.
here is Nifty Option Chain of 13th Jan 12 ( Fri).
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