The northbound journey continues and NIFTY tested our mentioned target of 11550. Now NIFTY has strong resistance in the range of 11600 - 11700, thus one should be cautious on higher levels. If NIFTY breaks 11700 then it can come in range of 12000 - 12100. On the downside, the immediate term support has shifted upwards, now the range of 11450 - 11400 will play an important support. However the short term support remains in the range of 11100 - 11050.
|Buy above 11650||11590||11775|
|Sell below 11375||11451||11225|
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