The markets remained volatile where Nifty started the week on a negative note and rebounded sharply after taking the support near 11,200 levels
The Nifty index is showing resilience and every decline is getting bought into
The Nifty index also negated the formation of a lower top and lower bottom formation on the daily chart and reclaimed 11,400 levels on the closing basis which is a positive sign
On the higher side, it has an immediate barrier of 11,500 levels and a move above the same will take Nifty towards 11,550-11600 levels
The momentum indicators and oscillators are very well in the buy mode on the weekly scale which indicates the overall undertone remains positive
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