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RSI on the daily chart was 32.86 and stayed neutral, showing no divergence against the price.

Nifty is likely to see the 11,360 and 11,405 levels act as strong resistance points.

The RSI on the daily chart stood at 41.05 level, showing no divergence against the price.

In the past, market has rebounded whenever 80% of the BSE-500 index fell below 200 DMA.

Any breach below 200-DMA will invite some short-term weakness in the already troubled market.

Any downsides are likely to remain limited, but oscillations may remain volatile.

Any pullback will be seen only after the Nifty moves past and closes above the 200-DMA.

The Nifty50 resisted to 200-DMA on a closing basis after breaching that level a day before.

Fall in number of stocks above 200 DMA has acted in past as a precursor to correction.