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Nifty held 11100. Cluster of supports between 11130-11060. Sharp Bounce likely from here.

From past 3 days Bulls succeeded in holding important supports.
Monthly support existed at 11130 and 200 EMA at 11100 making this range very crucial for bulls. As long as this 11130-11060 holds, sharp rally possible till 11350-11400. Avoid short selling. Keep strict stoploss to Long positions below 11060 spot level.
Regards,
Suryadev Bandari
Research Analyst

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