Short term trend is up. No sign of trend reversal yet.
Next 2 days should give a clue on medium term direction. if Nifty fails to move above 9700 in next 2 days, the rise from 9448 should be considered as corrective, Which implies that we will get one more move down below 9448, targeting 9405 levels.
Next 2 days should give a clue on medium term direction. if Nifty fails to move above 9700 in next 2 days, the rise from 9448 should be considered as corrective, Which implies that we will get one more move down below 9448, targeting 9405 levels.