Nifty is currently at a cusp. There is a lot of euphoria currently that Nifty is set to cross 11,200 however, we feel that the move may not be so straight forward.
The answer would be more forthcoming post the market close of January 01, 2019. There is a lot of activity underneath and both bulls and bears are evenly poised as of now. The bulls have a psychological advantage given that a lot of macro factors are in their favour but write off the bears at your own peril.
Bank Nifty is more bullish in nature and provides more confidence and is likely to outperform Nifty.
The strategy being adopted now is to sit out and wait for next 2 days to provide a fresh signal.