The trader gains if Nifty veers in a 10,953-11,647 range with maximum gain accruing at 11,300.

Notably, both January and February usually are biased negatively.

All eyes will be on India VIX and a sustained move below 15 could indicate fresh strength back in the market.

Indices continue to move higher for the fourth consecutive month in a row.

Nifty December contracts expire on the 26th of the month.

Chandan Taparia of Motilal Oswal Securities sees selling pressure in the 12,000- 12,050 range.

For the day, the index closed 54.55 points, or 0.46 per cent, higher at 11,945.

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