Hi Friends It looks like that Nifty is Correcting after a breakout just before Budget because it just taking a support of 11780 A Trend Line Support is here so I think Nifty should bounce from here right before Budget and It might test previous high's again. After a Breakout similar to rising three method seen in nifty 4 hours chart. If it fails than it can go down to test much stronger support of 11650. But I'm Bullish Right Now because history is favouring July.
Nota
Nifty Successfully Closed above 11854 and heading upwards positively
Nota
Nifty is respecting Trend Line by taking its support.
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