Nifty50 is currently in an uncharted territory and touched a new high of 11,856. Charts show previous resistance levels have formed a new support for Nifty at 11,730 level and if the market continues to weaken further, it would mean Nifty’s failure to cross the new highs. Traders must book profits on the overbought counters and not initiate any fresh longs at current levels. overall next week nifty will be touch 11,900.