Looking at the trend line with long term as well short term lines, Nifty is looking to test high of 12350 before breaking down till 11000 to resume further uptrend which should be 12800-13000 within span of next 6-12 months. We may expect it may not go that low upto 11K before resuming uptrend to break out from current trendline..
Comment:
Nifty buckled... Now after breaking 10625 Support...Look ahead Nifty to hold 10000 or max 9950 atleast.