Nifty weekly Options are likely to be introduced by Feb 11th 2019 onwards. Nifty is likely to some volatility out there to attract more speculators to trade the newly introduced weekly options. Gear up for some wild volatility in the upcoming weeks. Already PRBATR shows increasing volatility in the past one week.

Nifty Futures trading sentiment already turned negative on last friday. Last week Nifty Futures even broken last 4 month high and get back into the 4 month range.
Market leaves a clear excess pattern on Quarterly, Weekly & Daily timeframe indicating a possible potential reversal to downside on all the higher timeframes.
When things are getting volatile lower timeframe trading system do
Market Profile Reference levels

11000CE writers are back in town post the Fridays price action. 11000CE requires a close monitor. Since it is a psychological reference level it could be tested a couple of times more before going further down. Immediate resistance comes around 10960 levels.
More weakness could prevail below 10840 levels. Possibly towards 10600 levels on the downside.