Monday’s session is likely to see 11,350 and 11,410 levels act as immediate resistance.
We strongly recommend avoiding chasing the pullbacks, if there are any.
Traders must remain cautious and keep exposures modest and limited to defensive stocks.
Tuesday’s session will see 11,630 and 11,675 levels act as immediate resistance points.
The 11,760 and 11,830 levels are expected to offer stiff resistance to the Nifty index.
The week ended on a flat note as the headline index settled with a net loss of 42.40 pts.
Nifty’s behaviour against 11,760 will be critical and guide market trend over the coming days.
The PSU Bank Index has bypassed the usual completion of the clockwise cycle.
The 11,760 and 11,845 levels are likely to act as immediate resistance points for Nifty.
On Tuesday, Nifty may see a flat to modestly positive start, as it will adjust to global cues.
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