The Nifty 50 Index traded another week on a strong note. On Monday, it opened the session a bit higher and continued to trade positive until mid-week, where it found some selling pressure. But, the bears couldn't hold the index down as the up-move resumed on Thursday, where the index rose nearly 120 points. On Friday, the index opened gap up and continued the bullish momentum to apex to a fresh lifetime high of 10, 192. It finally ended the weekly session 2% up. Today, the index broke above the range and finished at a new life high just above the 10,150 resistance level. Now, if the index sustains itself above the 10,150 level, the bulls party might continue. But on the flip side, if the index slips below this level, it might again trade in a broad range of 9,700 - 10,150. Nifty Options Analysis : Support : 10000 Resistance : 12000 MAX OI Contracts : 10200 CE - 34.49 Lakhs OI Contracts & 10000 PE - 70.74 Lakhs OI Contracts Sentimental Indicators
