Nifty is trading near daily support of 10925. If it fails to hold 10850 (closing basis) then next major support comes in close to 10400. Above 11000 we can expect short covering / rally till 11125/11250 with major resistance at 11350.
It is now at Bearish Harmonic Butterfly PRZ level of 316-20. As per Ichimoku study also it has resistance at 319. A reversal from here could give a dip till 290. View would be negated above 327
It is trading near daily Kumo near a Bullish Harmonic Shark and Bullish AB=CD. A bounce back to Kijun at 2220 and more towards 2275 could be possible. View negates below 2120.
It has reversed from Weekly support levels and is now consolidating between 1030-1000. It could go on to test daily kumo resistance at 1060 and Weekly Kijun resitance near 1100 provided it does not breach and sustain below 1000.
It bounced back from a Monthly Kijun support and is now near a Daily Kumo resistance. Am expecting it to retest Daily Kijun near 650. View would go wrong if it sustains above 700 inside Daily Kumo.