Ruchit Jain, senior analyst at Angel Broking, says: "As per the options data, 10000 - 10500 is seen as the immediate trading range for Nifty.
Since the data indicates long positions being rolled, traders are advised to continue to trade with a positive bias and use declines as a buying opportunity."Nagaraj Shetti, technical research analyst at HDFC Securities, says: "The short term trend of Nifty has turned into positive, after the minor weakness from the highs.
There is possibility of further upside in the early next week and one may expect Nifty to retest the overhead resistance of 10550-600 levels in the mid to later part of coming week.