Nifty trading above crucial support 11280. Minor bounce possible towards 11470-11500 zone.

Nifty holding crucial support at 11280 and trading above it. As shorter time frame indicators in over sold position. As long as nifty holds 11280-11260 support level, minor bounce possible towards 11470-11500 resistance zone from hereon.
Sell on Rise Mode. At present, its better to book profit in short positions.
Suryadev Bandari
Research Analyst

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