Nifty and BankNifty performed positively to close higher by 2% almost at all time high levels. Price action was strong with buying on every dips and steady up move forming a bullish candle on weekly basis. Rollovers were good in Jan expiry mostly Longs. FII long position is around 67% and Short position at 33% saw FII Net buying this week. Futures saw Open Interest addition with increase in price. Nifty Support is around 21500-21700 as saw huge CE addition with a small resistance at 21800 above can test 22000+ levels in coming week. BankNifty Support is around 48000-48200 as saw CE addition with resistance at 48500.
US Markets also trading strong at all time high levels.