Nifty closed at 10948 after hitting a low of 10813 in the opening session. The move was steady and encouraging. Nifty has stiff resistance around 11080. A close above is good for a move up to 11230. Bank Nifty if able to close above 28400 can reach 28800. It all depends on a weekly close above 11080 and 28400 on Friday. Note these numbers and take position on CEs. There are possibilities of gap up opening on Monday.
I will recommend strike prices for nifty as well as bank nifty on Friday. Market is waiting for a reversal based on RBI meet outcome.
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