The level of 50-EMA, which is placed around 11,436, is likely to act as an immediate support level and sustaining below this level may take the Nifty all the way down up to the level of 11,370. On the higher side, the level of 11,550 is likely to act as a strong resistance. Stocks in news: HCL Technologies, Trigyn Technologies, Vakrangee, Biocon, IDBI Bank, Dewan Housing Finance, FDC.