A volatile Friday it was on D-street, benchmark indices fell in negative territory seems bears dumped bulls feebly. This pace could be worrisome for market players in near term. At close, Nifty was down 90.70 points at 11,823.30 and Sensex ended lower 289.29 points at 39,452.07. Overall market breadth was negative where 1245 stocks were in decline and 514 stocks were in advance and 337 were unchanged on NSE. Among sectoral indices, all the indices were witnessed under selling pressure. Currently, Indian rupee is trading lower at 69.73 per dollar versus previous close of 69.51.
According to weekly option derivatives diaries, maximum Call writing open interest of 12.47 lakh contracts was seen at the 11900 strike price, which will act as a crucial resistance level for next trading session. However, Put writing open interest seen at 11,800 strike price with 2.46 lakh contracts, which will act as a strong support.