Nifty moved in a tight range around 150-200 points. We maintain the resistance level at around 11850 which corresponds to the all-time high while on the lower side till the time 11550 is not breached no major repercussions for the bears in seen. Caution is the key going ahead. There is no clarity as far as the sectoral moves are concerned, says Pushkaraj Kanitkar - Associate Vice President - GEPL Capital.