It is advisable to wait until Nifty moves above the 200-DMA, which is currently placed at 11,150 level, to get confirmation of the short-term strength. The next support level is placed at 61.8 per cent retracement of Oct-June rally at 10,806. Stocks in news: PSP Projects, National Aluminium, Allahabad Bank, Bank of India, Power Grid, Adani Transmission, SRF, Wipro.