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GOOD MORNING ALL

Yesterday, the Nifty opened the day with a negative bias on global cues and then slipped down further during the day to close the day at around the days close.

For today, the Nifty is expected to open flat. Now the support once again stands at 11450. On the higher side, the 11550 – 11600 is a strong resistance zone. These will be the levels to watch. Stock specific activity to continue.

Keep a close watch on the volatility Index as well.

For the Bank Nifty, immediate support is at 22200. The next important resistance to be watched out is at 22700, which if taken out will take the Index to 23000 at least.