The 11,700-11,750 zone will continue to offer stiff resistance on the upside.
The daily MACD remained bullish and traded above the signal line.
Nifty is expected to see a quiet start on Tuesday as it adjusts to the global trade setup.
We recommend remaining vigilant and protecting profits at higher levels.
Nifty has been posting gains, but there is a loss of momentum in market behaviour.
Nifty tried to move past the 100-DMA, which currently sits at 11,408.
Nifty is likely to see the 11,360 and 11,405 levels act as strong resistance points.
Market on Friday may see a tepid start with 11,270 and 11,345 levels acting as resistance.
Thursday’s session is expected to see 11,355 and 11,400 levels act as resistance.
Wednesday’s session is likely to see 11,190 and 11,260 levels act as resistance points.
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