---

GOOD MORNING ALL

Yesterday, the Nifty opened with a positive gap, consolidate for a while and slipped a bit to close the day at around the days low but well above the supports.

For today, the Nifty is expected to open with a positive bias. Strong support zone exists at 11550 – 11500. Now till the time this support zone is held the Nifty will be in the strong grip of the Bulls. Expect a stock specific move for the day.

For the Bank Nifty, strong support now is at 23500. If this is protected the Bulls would be in command and the charts suggest that 24000 could well be tested. Bank could take a breather for the day.