Nifty50 closed rangebound session lower on August 19, but managed to hold psychological 11,000 levels amid mixed global cues and hope of stimulus measures from government to revive economy. The index continued to remain volatile as it couldn’t manage to hold gains and shut shop in the red. Now, the index has immediate support at 10,970. After touching intraday high and low at 11,076.30 and 10,985.30, respectively, the index ended the day with a loss of 37 points, or 0.33 percent, at 11,017. Among the 50 stocks in the index, 20 advanced and 30 declined. The index formed bearish candle on daily charts as selling pressure was seen at higher levels while at the same time decline was being into the market. On the Options front, maximum Put open interest is at 11,000 followed by 10,800 strike while maximum Call open interest is at 11,000 followed by 11,500 strike.