Resistance for the 50-share index can be expected to come in at 10,990 and 11,035 zone.
Thursday will see the levels of 11,030 and 11,080 to work out as immediate resistance levels.
On Wednesday, Nifty is likely to see immediate resistance at 11,050 and 11,080 levels.
Trade setup for Tuesday: Nifty may see modest downtick; abstain from creating major directional positions
Tuesday is likely to see the levels of 10,990 and 11,035 to act as immediate resistance area.
Monday is likely to once again see a quiet and uneventful start to the trade.
The weekly RSI stood at 64.6543 and it has marked a fresh 14-period high.
Thursday’s behaviour of the market points towards likely consolidation at the current levels.
Thursday is likely to see levels of 10,965 and 11,150 as likely resistance area for Nifty.
Wednesday is likely to see levels of 10,985 and 11,150 acting as resistance area for Nifty.
The levels of 10,875 and 10,930 will play out as immediate resistance for Nifty on Tuesday.
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