It has been observed in recent past that price corrects for 7 bars and 9 days and then resumes its orignal trend. Same was shared previous time when this happened.
Nifty today bounced after 7 sessions of corrections and closed with bullish candle. Bounce has also come from 50% retracement of 9687 to 10490 and also 50DMA which is placed @ 10125.
Going forward 10090-10120 holds expect upside towards 10250.
Above 10250 rally will further strengthen upto 10350-10390 levels
On on break below 10080 with volumes further correction upto 9975-9950 will be seen.
Nifty today bounced after 7 sessions of corrections and closed with bullish candle. Bounce has also come from 50% retracement of 9687 to 10490 and also 50DMA which is placed @ 10125.
Going forward 10090-10120 holds expect upside towards 10250.
Above 10250 rally will further strengthen upto 10350-10390 levels
On on break below 10080 with volumes further correction upto 9975-9950 will be seen.