Buy Or Sell | Nifty likely to trend lower; buy Federal Bank

We have been seeing follow-up selling since last two sessions and now Nifty has gone down below 11400. Selling may continue and we may head towards 11200-11250 while in case of Bank Nifty we may see 28500-28400. One should avoid any fresh buying and prefer trading with a negative bias as and when we see rise in the market, says Sneha Seth, Derivatives Analyst at Angel Broking.