After the announcement of a Brexit deal, the Nifty crossed the major resistance zone of 11,450-11,480 and trading near strong psychological levels of 11,600. The sharp bounce towards 11,666 levels also achieved the target of Relative Strength Index pullback buy pattern, as the recent RSI is almost near the previous high (70). The Nifty is trading higher above all the popular moving averages (20/ 50/100/200), indicating strong bullish bias. However, the majority of the oscillators are in the overbought zone and hence the possibility of a price retracement towards a breakout point placed around 11,400 cannot be ruled out, which can even extend towards the line of parity placed at 11,300. The index level of 11,680 is also the target of inverse 'Head & Shoulders' pattern on the lower time frame. Previous months high is placed around 11,694, at the same time the descending trend line connecting the previous two swing tops is standing around 11,680. This indicates a major resistance zone around 11,680-11,730. A sustained move above the crucial resistance of 11,730 will push prices higher towards previous swing high of around 11,950 and it can extend towards a life high of 12,103 too, whereas a retracement towards 11,400 can be used as a bargain buying opportunity.