We are looking at a target of 11450 on Nifty while Bank Nifty will see resistance at 28500-28800. IndusInd Bank is still a buying opportunity on declines. We are bullish on pharma sector. Keep a cautious approach on the indices because Nifty can retrace to 11250 and that would again be a good buying opportunity, says Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher.