The market continues to remain upbeat and the immediate hurdle for Nifty will be at the 11,340-11,360 mark.
Taking cues from global markets, the Nifty reached the psychological 11,300-mark in early trade. While, the market continues to remain upbeat, the immediate hurdle for Nifty will be at the 11,340-11,360 mark and from here we would see some consolidation or breather, but the undertone remains bullish, said Sameet Chavan, Chief Analyst - Technical and Derivative at Angel Broking.
He added that there can be some pull back that can be used to go long. The 11,270 level followed by 11,250 mark could be seen as immediate support zone.To find out more, watch the video.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.