NIFTY is in a very tight range. There is a 50-50 possibility that we may see a new bullish trend altogether. It is roaming just above the multi year resistance with short term resistance at 11525. If 11525 is crossed 11725 is the next zone to watch out for. At present the bulls and bears are fighting hard. Within the week itself NIFTY has had a bearish and a bullish pattern both. Downside correction is very much possible till 11000.