Nifty is showing negative divergence on hourly RSI. Market has already corrected after divergence. 1168-11710 looks resistance zone where short can be built up with stop loss above 11780 for target 11455 ( 161.8% retracement) . If Nifty doesn't go up and breaks 11595 on the down side then short can be created with stop loss above 11680 for target 11455. We expect market to correct overall to 11000 level before 31st May.
Note: We have created short position in Nifty.