On the technical front, 16,800 could act as strong resistance for the Nifty while bias is likely to remain in favour of bulls in the upcoming sessions as well, said Shitij Gandhi of SMC Global
A decisive move above 11,600 in the coming sessions will once again bring back the bullish momentum into the markets.
We expect that the current trend is likely to continue towards the north and on the technical front any break above 11,000 levels will definitely add further buying momentum towards 11,100 levels in Nifty.
The current trend is likely to head north and on the technical front any break above 11000 levels will definitely add further buying momentum towards 11100 levels.
On the technical front, 10,600-10,620 spot levels is a strong support zone for the index and the current trend is likely to continue towards 10,800-10,850 levels.