Thursday’s session is likely to see 11,000 and 11,050 levels act as resistance.
The RSI on the daily chart stood at 41.05 level, showing no divergence against the price.
Tuesday’s session is likely to see a tepid start with 11,100 and 11,165 acting as resistance.
The market is set to see a stable opening and may remain range-bound in initial trade.
The Indian market is set to see a stable opening in Monday’s session.
With Nifty's technical setup remaining weak, the upmoves will remain vulnerable to selloffs.
The relative strength index on the daily charts stood at the 36.04 level and remained neutral.
With a quiet start to trade expected on Tuesday, 11,160 level is likely to act as key resistance.
Nifty was above 100-week moving average, which currently stands at 10,861.
The RSI on the daily chart stood at 38.10 and made a fresh 14-period high, which is bullish.
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