* Nifty futures volume weighted average price (VWAP) is at 9585 and Banknifty futures is at 23350.
* Call writing was seen at 9700 & 9800 strikes, put writing was seen at 9400 strike.
* Maximum positions are at 9700 CE and 9500 PE. Nifty is expected to be in the range of 9450-9800.
The NSE Nifty ended marginally lower on Friday tracking weaker global markets, but a late surge in shares of Reliance Industries Ltd erased some losses, helping it snap a three-week losing streak.
The broader NIfty fell 0.09 percent to end at 9,665.80, but rose 1.5 percent on week, its biggest weekly gain since late May.
The benchmark BSE Sensex closed down 0.03 percent at 3
The NSE Nifty edged lower on Friday tracking weaker global markets on worries the European Central Bank is moving closer to unwinding its massive monetary stimulus.
Concerns that the ECB and the U.S. Federal Reserve are moving to remove some of their stimulus measures have hit sentiment, with MSCI's broadest index of Asia-Pacific shares outside Japan down 0.6 percent on Friday.
Indian shares ended higher for a second consecutive session on Thursday, as state-owned lenders such as State Bank of India led the gains, while hopes of strong corporate earnings also lifted sentiment.
The BSE Sensex ended 0.4 percent higher at a record closing of 31,369.34.
The broader NSE Nifty closed up 0.38 percent at 9,674.55. Earlier in the session, the index breached