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GOOD MORNING ALL

Yesterday, the Nifty opened with a flat and traded in a broad range all day long with a slight positive bias to close the day at around the days high.   

For today, the Nifty is expected to open with a positive bias. Strong support is at 11500 above which the Bulls will be safe. However, the Bulls will thrive if 11550 – 11600 resistance zone is taken out.

Keep a close watch on the volatility Index as well.

For the Bank Nifty, strong support is at 23500. Now, till the time this level is held, the Bulls will feel safe. The next resistance is now placed at 24000 – 24200 which should be tested.