Nifty has been rising for the last five consecutive sessions. On Monday, it added 0.50 percent to its upswing and closed at 11,270. The benchmark index is just a few points away from the recent top of 11,341 which also happens to be the highest point of the rally started since March 2020. In the previous week, Nifty resumed its uptrend after finding support at 200 days SMA, placed at 10,880 odd level. Nifty Auto, Metal and Pharma indices have taken the lead in the recent recovery. Nifty smallcap Index has been rising for the last seven sessions on the trot. So far in the month, NSE Midcap and Smallcap indices have outperformed the Nifty with a huge margin. Nifty has got stiff resistance around 11,350, which is derived from the upward sloping trendline, adjoining the bottoms of October 2018 and September 2019 on the weekly and monthly charts. The resistance of 11,350 is not that far from the current levels. The recent bottom of 10,882 is expected to act as further support. Immediate support comes in at 11,000.