Market Overview

Nifty if remain above 11380 may hit 11520 soon!!

We have seen a strong bullish movementum in Nifty after it broke the level of 11,120 on daily chart every minor dip was a buying opportunity,In near term Nifty has an important resistance of 11450 & 11500 while on downside it has a strong support of 11350 & 11300

Recommendation:

It is advisabe for the traders to remain buy on dips if Nifty again retest the levels of 11380 on downside one should buy it for the upside target of 11480 & 11520 while on downside traders should maintain a stop loss of 11320.