If any good news delivered by the FM we can see a 25 to 45 points gap up opening on Monday. Nifty spot may open at 11110 or 11128 just a prediction.
Then for intraday 11058 and 11080 can act as crucial supports. My opinion is to long in Nifty keeping in mind the supports and just the price action. A bullish divergence is also noticed on Nifty Spot charts on a weekly timeframe as shown in my previous analysis yesterday. Next big resistence in Nifty is placed at 11110,11150 and 11194. A stop of 11000 in spot can be kept if one wish to go long till 11200 which is 1:1 risk reward. Play safe with appropriate stops. This month expiry if happens above 11210 to 11230 a new bullish trend can take place.