In the last Nifty View, we discussed. The short-term resistance for Nifty is now shifted at 11365 levels. Above that, we can expect a sustainable bounce from bulls. Near-term support is at 11210-11200 area, below that we can see the move towards 11140 levels.
On Friday, Nifty made the low exactly on 11210 and bounced almost 100 points.
Yesterday Index opened flat. But soon bears came back and dragged the Nifty towards below 11200 support level.
Nifty made the low of 11152 and closed below its 11200 support point.