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GOOD MORNING ALL

Yesterday, the Nifty opened with a positive bias and traded in a broad range all day long.   

For today, the Nifty is expected to open with a slight positive bias. Strong support is at 11400, below which the Nifty can test 11350 – 11300. A close below 11300 will be bad news for the bulls. Only a move above 11550 and a close above it will bring back strength to the Bulls. Keep a close watch on the volatility Index as well.

For the Bank Nifty, strong resistance is at 24200. On the lower side the next important support is at 23500. These will be the make or break levels.