The trend for Nifty and Bank Nifty continues to be positive.
Market has surpassed the psychological resistance of 11,500. The trend for Nifty and Bank Nifty continues to be positive.
An uptrend may be seen continuing in next few trading sessions as well. One should not take any contra trade, a couple of trading sessions with consolidation is expected.Advise traders to trade with positive bias. Short term support for Nifty at 11,450 and on the higher side 11,600 is the level Nifty is approaching, says Ruchit Jain, Technical Analyst at Angel Broking.