Hot Stocks | Here's why AIA Engineering, Asian Granito and Godrej Properties are short-term bets

Nifty turned volatile and was seen trading in the range of 11,350 to 11,550 in September 1 session with some stock-specific action.

On the derivatives front, call writers added hefty open interest at 11,500 and 11,600 strikes which should act as strong hurdles for Nifty and cap any sharp gains.

A decisive move above 11,600 in the coming sessions will once again bring back the bullish momentum into the markets.

On the technical front, the structure still seems to be in favour of bulls as Bank Nifty is trying to struggle with its 200-days exponential moving average on daily charts.