Nifty has closed at 11,075 with a decent bullish signs on the chart. The weekly Nifty is at its weekly resistance of 11120-11130. After a strict range of 11180- 10780 , the close on Friday with a strong Bullish candle assumes to be formation of further sideways or bottom out for a short term movement.
On hourly closing , it has formed Inverse Head and Shoulder , which is assumed to be the reversal of trend. Only on the break out of 11100-11150 gives clear view for the next move.