As i thinking before Nifty should take support from 10350 levels but it didn't and taken rest near 10300 levels . So this kind of pattern is making confusion .But todays selling indiacates for a pull back rally till 10380-385 levels after touching this levels if it will not cross or breakdown below 10300-10280 levels then could think for a bullish above 10500 levels .Where RSI still is in bearish mood .
Bearish- Below 10300 tgt. 10000/9700
Bullish - Above consolidate pattern ( 10300-10400) tgt. 10600/11000
Bearish- Below 10300 tgt. 10000/9700
Bullish - Above consolidate pattern ( 10300-10400) tgt. 10600/11000
Trade ativo:
Today nifty bounced from 10300 levels to 10350 levels but didn't sustain and trading near 10280 levels that doesn't mean free fall . i think nifty will take bounce from 10270-10265 levels to 10365 levels in ABC wave pattern, i think so