The levels of 11,410 and 11,455 are likely to act as resistance area for Nifty on Tuesday.
The Relative Strength Index on the daily chart stood at 53.2729 and it remains neutral.
We expect the 11,610 and 11,760 levels to act as immediate resistance for Nifty.
We are most likely to see a positive opening and some follow-up rally in initial trade.
The levels of 11,325 and 11,390 are expected to act as technical resistance to the Nifty.
The levels of 11,465 and 11,530 may act as immediate resistance area on Tuesday.
Monday is likely to see the levels of 11,635 and 11,690 acting as immediate resistance area.
Nifty oscillated in a broad range during last week and ended with a loss of 91.40 points.
The levels of 11,590 and 11625 will act as immediate resistance area for Nifty on Friday.
The levels of 11,565 and 11,620 will act as technical resistance area on Wednesday.
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