As per study - Monthly, Daily, Hourly, 15mins & 5mins all showing 9800 as crucial. So if we are looking for this Monthly Kumo bottom to hold then we need to be prepared for some consolidation between 9800-8500 also. is at extremes, until it starts cooling be prepared for swings as well if these lows are to be held. However, if again dips lower the next support is at 7900. Nifty P/E currently is at 18 (trailing) & 13 (forward) kind of levels we have not seen since 2008.
H.I.T. WEBINAR recordings & PDF now available:- https://docs.google.com/document/d/17QaScTQOK2NS6PwKcpsixpFZbkudT58xi2ffcbkCQ0s/edit?usp=sharing