The level of 11,480 would be crucial in Thursday's session to watch out. If it sustains above the 11,480 mark it would pave the way towards our estimated target of 11,550-11,600 in the short term. While, on the downside, any close below the prior will lead to levels of 11,200 followed by 11,090. Stocks in news: Bajaj Finance, Edelweiss Financial Services, Zuari Agro Chemicals, National Aluminium, Deepak Fertilisers, KNR Construction.