Also Notice Two Consecutive Bullish GAP Prime indication of Consolidation between 10440 - 10650 OR, Profit booking Up-to 10036 Level (Though Try to Take Support Near 10250. (not mentioned on Chart to Avoid Clubsiness):
#1: 10513 to 10520.10 on 05 JAN 2018. #2: 10566.10 to 10588.55 on 08 JAN 2018
I would like to add one comment here, You Analysis was perfect, but this looks like a Daily Chart, and the support Zone on USD/INR is tested multiple times, and Questions on the authenticity of this zone.... may be some profit booking, on both sides long side profit booking in Nifty & short side profit booking in USD/INR. please correct me if i am wrong?
DSKF16
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@balajiota, correct, I mention it like a Question "Is USD/INR Formed Bottom?" means NIFTY may be Nearer to TOP.