Last close 11735.30
For today trading traders to react to macro data GDP, GST collections as well as movement on the rupee. Auto sales figures will also to be in focus. Technically there is a possibility of some more upmove, but sustaining the highs is going to be watch out. The Nifty Futures has been making higher top-higher bottom on a weekly scale and supports are gradually shifting higher. Better strategy would be continuing long trading positions with strict stop-loss of 11688, If breaks from the highs then only we will consider to be the reversal pattern to give us shorting opportunity in the market for an lower target of 11614.
On the upper side we see it zooming to 11761, Cross over will take this to 11793. So overall positive bias could continue, but as it already has seen movement of 10% in last two series. So, some range bound move or even profit booking from higher levels could be seen in the market.