If Nifty breaks the 12th June low of 9544 then it'll be either an ABC wave pattern or wave 3 beginning. In such gloomy times how the market is going up cannot have a simple reason. Therefore I don't want to say whether bears would be in control or Bulls. Rather wait and watch. To give a reason behind market movements is not the job of technical analysis traders. We must respect the market. The market at present belongs to intraday traders I feel.