There's an unfilled gap in NIFTY between 9712 and 9604. Nifty has evaded that gap 3 to 4 times and the possibility is higher that next time nifty can fill that gap. If we draw a trendline connecting the lows, that trendline intersects the point 9604 on 18-Jun-2020. Nifty can possibly fill the gap in next week...
Comment:
If the market doesn't pull back to 9604 level till 18-Jun , then there's high probability of trend reversal.
Trade closed: target reached:
Nifty filled the gap very next day!