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Nifty traded in a narrow range of 100 points on August 13 but mid-caps and small-caps continued to outperform.

Individual stocks are reacting with respect to their quarterly numbers and the index heavyweights are flat.

Nifty Midcap 100 and Smallcap indices have outperformed, gaining 2.6 percent and 3.2 percent, respectively, for the week so far, while Nifty has gained 0.8 percent.

The first-quarter results of FY21 will be over in the current week and now markets will focus more on global cues and other news flows.

Bank Nifty to Nifty ratio has declined to 2.0 levels. PSU Bank index has given a breakout above its short and medium-term averages while private banks continue to hold critical support levels.

Nifty has good support near a 200-day average, followed by the highest put OI at 11,000 strikes while on the higher side 11,500-11,550 will act as resistance.