Nifty showing resistance from its important trendline...
As we have seen that nifty is taking resistance from its importance trendling on daily time framealso we have decreasing momentum on RSi showing that the buyers are dimnishing. 11400-11450 comes out be important resistance zone one must stay cautious here. Longs should be avoided here.. if any correction comes nifty can test its previous support levels of 11000-10800 zones...