Nifty technical: Nifty has surpassed the hurdle of 11,400 on the closing basis. Hence, post a 'Doji' formation on Monday the bulls seem to have taken the charge on Tuesday. The daily chart shows that the index is moving higher as a follow-through of a 'Popgun' pattern, formed recently near the key short-term moving averages. Traders are recommended to be on the long side of the trade and use intraday dips as a buying opportunity. On the downside, 11,350-11,300 will now act as a key support zone from near term perspective. The overall setup suggests that the Nifty is likely to continue with the northward journey and can head towards the September high of 11,694.

-Gaurav Ratnaparkhi, Senior Technical Analyst, Sharekhan by BNP Paribas.