The chart of Nifty 50 shows gap up open today, however no follow through buying was seen next one hour. There is good support @11320 levels for Intraday according to the channel and resistance seen near 11415 levels. Nifty may trade range bound till the Monetary policy. Both points as SR mentioned may be useful to trade during intraday. Breaching anyone we may see movement either side for 50 odd points.
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Broken the range ..... traders should play for 11160 levels with SL of 11320