Lack of further progress in U.S.-China trade deal that has also put the Indian benchmark on sidelines. The index as opened on a flat note at 11,911.50 levels and continued to sense weakness after slipping below 11,870 levels that triggered the formation of 'Hanging man' candle stick formed in previous trading session and activated more sellers to an intraday low of 11,850 levels. However, the overturned oscillators were capitalized by the market participants and index rebound above 11,950 levels. Almost all indices are trading in green except the PSU banks. On hourly scale, the index is trading near its potential reversal zone as a ‘Breakaway Gap’ always acts as ‘Demand’ zone for market players. The index is holding its 30 hours Moving Average. Stochastic oscillator has given a bullish crossover.