Bulls likely to step in to lift nifty upward.
On Friday Bulls held important support zone 11000-11050 and closed at 11073.
In last 3 trading days, nifty corrected from 11341 to 11026 with low volumes, appears to be minor profit booking.
Monday nifty likely to trade in the range of 10950-11250 range.
As per Technical Indicators, Buy on Dips mode.
Stoploss for long positions keep below 10900. As long as this support holds, nifty tries to move up towards 11400-11500 zone.
Avoid aggressive short selling.
Move above 11150 would strengthen Bulls.
Move below 10900 would strengthen Bears.
Monday's price momentum crucial to decide next week's direction.