As expected today's move is supported exactly at the previous swing high. Now, if it held up here then we can expect another up-move towards 11100-11200 or even break out of the channel, else closing below 10450 markets will become bearish.
Trade closed: target reached
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As Expected, Nifty Hit 11200. One can still hold with strict SL.
yes you are correct view ,, bounce back after 10900-10930 , Fii start selling after this point till 10500-10450
shankulprasad
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@JJKids, Thanks :) I was expecting higher levels before going to 10450-10550 zones but actually the market is supreme and so as its direction. So, close below the previous day low may give a hint for a possible reversal in Nifty.