The RSI stood at 42.57 level on the daily chart and stayed neutral, showing no divergence.
The 10,850 & 10,890 levels will act as resistance, while supports are at 10,780 & 10,660.
The 11,000 level will be key, as it has the highest Put open interest (OI) builtup.
11,110 and 11,175 will provide immediate resistance. Supports comes in at 11,000 & 10,950
While expecting a stable start, we see key resistance at 11,150 and 11,230 levels.
NSE Nifty has been clinging on to its short-term 20-DMA level, which is at 10,960.
The MACD remains bullish and trades above the signal line.
The RSI on the daily chart stood at 46.18 level and stayed neutral, showing no divergence.
Nifty has managed to keep its head above the 100-week moving average, currently at 10,901.
Friday’s session will see the 10,895 and 10,960 levels act as resistance.
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