Nifty can test higher levels if it holds 11,400: Nilesh Jain of Anand Rathi

BUY NIFTY | TARGET: 11,650 | STOP LOSS: 11,400

The Nifty index is stuck in a broader range and, as expected, we saw buying coming in from lower levels. Now, the immediate support is placed at 11,400 levels and as long as Nifty trades above that, we can again expect Nifty to test the higher levels. The momentum indicators and oscillators on the weekly scale are very well in 'buy' mode. Hence, aggressive traders can initiate a long position with a stop loss of 11,400 levels for upside move towards 11,650 levels. The broader markets have outperformed and are also looking