Nifty

10850 is the low made during this downward correction. 10770 is the level of 200 DMA which may come in near term. As per OI Table it appears that some consolidation is to take place and it is also possible that Nifty goes towards 11130-50 due to profit booking. Bulls have been able to hold onto 11000 so far. Bears have built resistances at 11200 and 11500 levels. So consolidation with some positive bias can be seen during this truncated week. Trend remains week.