The range of 11,236-11,302 is a big hurdle for the index in the near term and thus, aggressive longs at the current juncture might not be prudent.
The onus is on the 200-DMA, which is placed at 10,761. If bulls manage to defend it, expect a pullback up to the levels of 10,980, or else, 10,640-10,550 is the next destination.
The level of 11,085 is a crucial support for the index while, on the upside, the level of 11,250 is likely to act as a resistance.#NIFTY50