A morning walk down Dalal Street | Bearish sentiment will strengthen if Nifty closes below 11,550
Nifty has been consolidating between a range of 11500 - 11700.
Now going forward a breakdown below 11500 or a breakout above 11760 will decide the trend, suggest experts.
Global cues, movement of crude oil prices, macro data as well as earnings are other factors which are likely to dictate the trend for markets ahead of election results.
The Indian rupee on Thursday climbed 19 paise to close at 68.92 against the US dollar, also marking a third straight session of gains, driven by sustained foreign fund inflows.