Bulls done very well for themselves today. Nifty managed to end in the green in a highly volatile session. After the bullish start, the nifty remained sideways in the first half however volatile swings in select index majors in the latter half unsettled the participants. On the sector front, Realty, Telecom and Metals were the top gainers whereas FMCG and IT ended with losses.
We expect volatility to remain high, citing mixed global cues and prevailing earnings season. Nifty has been hovering in the range of 11700-12050 and needs a decisive break for the further surge. Meanwhile, traders should limit their leveraged positions and maintain positions on both sides.More
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Resistance: 11900, 12000,
12100
Support: 11600, 11500, 11400
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