This for Analysis only and not a trade recommendation:-
Looks like the Indicator has worked absolutely perfect matching the arows, next immediate support being 10630 (nearby +/- 50 points) and the next move Maybe UP Side and Nifty go up side,than next few day Nifty touch 10800,10900,10950 level NIFTY not support Indicator and trend line ,and Broke the trend line ,than NIFTY go down and touch 10550,10500,10400,10300 level Lets wait and watch...
Nifty is reacting to US markets. There is a slow down in the economy. Oil prices crashing down which is not good for the markets. Of course it is good for the Indian markets but up to certain point.