The way markets are placed, this week would be quite crucial and hence, one should be keeping a close eye on a few key levels. Although the market has managed to recover well, it would be a daunting task surpassing the sturdy wall of 11,300-11,350. Till the time this range is not conquered successfully, we advocate some caution. Let’s understand technically why this should be considered an important junction. Firstly, the 78.6 percent retracement of the entire fall from 12,430.50 to 7,511.10 comes around it. Secondly, the 100 percent price extension of the first up-move (7,511.10 - 9,889.05) from 8,806.75 precisely coincides around 11,300-11,350. We are standing at the pullback level of the ‘Parabolic SAR’ which has been following the entire uptrend and has finally given some signs of weakness (due to last Monday’s negative close) for the first time in the entire up-move. Considering all these observations, we advise traders to stay light and should ideally take some money off the table. On the downside, a move below 11,100 would lead to an immediate correction towards 10,950 – 10,880 levels.