Nifty consolidated above the the strong resistance line last week making it a strong support now. On 15min chart the index has formed a flag pattern. Resistance of the flag is around 11240. break 11240 can take the index towards 11300. support for the index lies near 11130 followed by 11080. Only a move below 11160 can take the index towards 11080. Right now trend seems to be positive.
Trade closed: target reached