NIFTY opened on a positive note and jumped above the 11300 mark, it almost tested its previous high in the intraday trade, but could not sustain on higher levels and witnessed some profit booking. However the trend is still positive thus we maintain a bullish view. On the downside it has support at 11000 - 11050, hence long positions can be held with stop-loss below 11000. On the upside, Now if it breaks 11350 then it can test 11550 and above that 11850 soon.
|Buy above 11330||11269||11550|
|Sell below 11175||11236||11050|