Last close 11306.70
We do not see the market cooling down until the Nifty touches 11355, 11391 levels. It can be seen as the next resistance level. The F&O segment, too, indicates a further positive run for the market. So we do not see any selling concerns in the derivatives segment. Buy on decline and stay invested keeping stop loss 11266 which we feel to be the rock solid support for the day. The charts also show that the Nifty will go through a high volatility phase, which is likely anytime in the future. If breaks 11266 on the lower side then don’t remain plus as we could see heavy selling & thereafter it may slide to 11185 just to fill the gap.