NIFTY for 30th September

Not much has changed in the weekend. The limits remain same, the fundamentals remain same and also the news flow is near about neutral. Good thing for Indian economy is that INR has improved by 33 paise and Brent crude is trading at less than $62 per barrel in international market Lets check local data.
1) FII & DII data: Provisional figures say that FIIs were net Sellers by 214 Crs and DIIs were net buyers by 459 Crs on last Friday. The final figures for last thursday show that FIIs bought in all segments viz. Equity, index futures and stock futures. In Equity the amount for Net buying was 3164 Crs, a very high figure I would say. So FIIs are now on both sides it seems.
2) Option chain data: On PUT side, The convincing support is 11400 because it has highest PUT writing and 2nd highest total OI. On CALL side, 11600 looks very reliable resistance since both total OI and Call writing are highest on this strike. So for tomorrow we can draw the bracket for price movement at 11400 to 11600.
3) Charts: On Charts too, if we see the price movement for last three days, on higher side, NIfty couldn't sustain 11600 and on lower side, buying came as soon as we were close to 11400. On last friday Nifty made a red candle with lower high but higher low than previous day. So from these movements I have marked 'Buying area' and 'Selling Area' on chart. Take trade with SL of around 30 points and gain of around 60 points.
All the best. Happy trading.
Will not be able to post for next few days; travelling.