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It was tough day for bulls. Bulls could not continue the good
start as nifty dropped till the level of 11641 but at the end bulls again came in to the picture and managed to settle above 11675 mark. Nifty has started the day at 11677 made a high of 11727 and low of 11641 & finally closed the day at 11691. Nifty is still in a consolidation range and support lies around 11630 -11600 levels. Going ahead, this support zone would be closely watched by the investors. A sustainable move below this would result into an extended correction. However, in my sense, Nifty would probably move higher and immediate resistance is now placed in the zone of 11730 - 11780 levels.
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Resistance: 11730, 11750, 11780
Support: 11630, 11600, 11550
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