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GOOD MORNING ALL

Last Friday, the Nifty opened with a positive gap, and kept on making higher tops and higher bottoms all day long to close the day at around the days high.

For today, the Nifty is expected to open with a positive bias. Strong support now exists at 11600. Now till the time this support zone is held the Nifty will be in the strong grip of the Bulls. On the higher side the next resistance is at 11750 which should be tested.

For the Bank Nifty, strong support now is at 24200. Now till the time this level is protected the Bank Nifty is heading to test levels of around 25000.