Nifty may try to come off overbought condition and, in the process, it may cool off for some time. Nifty outlook remains positive as there are no clear downward signals. For intra-day, the level of 11,300 is likely to act as an immediate support, followed by 11,270. On the upside, the level of 11,385, which is 78.6 per cent retracement of decline from August to October, is likely to act as a stiff resistance. Stocks in news: Reliance Industries, Tech Mahindra, IDBI Bank and EMAMI.