​Create long positions towards the Nifty resistances of 18,050 and the next 18,250 levels. All long positions need to be placed with strict stop loss at 17,500 and look to reverse the positions on any downside breakouts. IT, banking, auto, realty, and pharma will likely outperform in the near term. Stocks with positive bias are Infosys, Mphasis, TCS, Kotak Bank, SBI, ICICI Bank, Tata Motors, and Bajaj Auto.