Nifty has formed double bottom at 9025 and closed above it. Buy above 9040 with the stoploss 9020. Targets are 9060, 9075 and 9090. Nifty is bearish below 9020 - 9025. Nifty is bullish as long as it holds 9025.
@vanathi the nifty is probably making a simple zigzag correction after giving an impulsive movement. first two wave 'a' and 'b' seems to have completed having given move from 9019.30 to 9133.55 & from 9133.55 to previous day's low of 9024.65, respectively. the nifty may touch or go beyond the level of the end of wave 'a', i.e., 9133.55. However, market may witness a sharp decline in nifty in the future after the finishing of the wave 'c' of the simple zigzag. the hourly chart of nifty has been shared below for the reference. regards.