Nifty may face resistance in sub-11,350 zone: Gaurav Garg of Capital Via

We can witness short-covering move along with addition of fresh position only if Nifty breaches level of 11,350. Therefore, traders should try to create long position, keeping close eye on 11,200

Nifty bounced from level of 11,200; 11,300 is immediate resistance to watch for weekly expiry
 

Market traded with mixed sentiments on Wednesday and witnessed bounce from a level of 11,200 after witnessing a gap-down start amid muted global cues. Nifty managed to close at 11,308.40, slashing 14.10 points. Media and PSU banks stocks traded with positive sentiments whereas pharma, realty and FMCG stocks closed in the red mark. Nifty bank index closed at 22,264, adding 36.80 points from the previous day’s closing.
 

As per weekly option data, handful of call writing on higher strikes, ranging from 11,300 to 11,500, which