NEW DELHI: The Nifty50 hit a fresh record high on Monday and made a bullish candle on the daily chart.That said, as the index moved deeper into the uncharted territory, volatility is likely to rise. "The way the Nifty50 has closed with a hint of profit booking, it does not offer any comfort. We refrain from creating any positions on the index at this point. The 11,000 level would now be seen as a crucial support. Chandan Taparia of Motilal Oswal Securities said supports are shifting higher gradually, but the index needs to hold above 11,050 to extend its move towards the 11,200 level.

Source: Economic Times January 29, 2018 12:30 UTC