Indian benchmark indices finished the week on a weak note but manage to sustain above 12,000 psychological level amid buying has been observed at higher levels. Moreover, weak global political tensions fanned fear in market. At close, Nifty was down 95.20 points or 0.78% at 12056 and Sensex was down 336.36 points or 0.82% at 40793.81. Overall market breadth was negative as 901 stocks were declined and 867 stocks advanced and 376 were unchanged on NSE. Among sectoral indices, all sectors were under selling pressure. India VIX, which measures the implied volatility of Nifty 50 options, was down by 0.60% at 13.90.

According to weekly option derivatives diaries, maximum Call writing open interest of 22.53 lakh contracts was seen at the 12100 strike price, which will act as a crucial resistance level for next trading session. However, Put writing open interest seen at 12000 strike price with 20.97 lakh contracts, which will act as a strong support.