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Nifty gained 69 points on the first day of the week to close at 11,247 levels.

Last week, Nifty consolidated in a narrow range of 11,375-11,240 for the first four sessions and broke that range on the lower side in the last session of the week.

During that fall last Friday, Nifty took support at 20-day EMA which is placed at 11,122 currently. This support also coincides with the support derived from the rising wedge lower trendline.

In the Nifty options segment, we have seen Put writing at 11,100 during the last two days. Therefore, there are multiple pieces of evidence that suggest the Nifty is likely to find strong support around 11,100 levels and unless it closes below that, the uptrend is still intact.