Positive divergence in MACD and bounce from trend line support indicates of a possible bounce back. Expect good short covering if Nifty sustains above 11040.
For detailed resistance and support levels, refer to my under linked analysis of 15 Minutes Nifty Chart (Click on the chart to open)
Need help from Neo wave Specialist : What are the price and time similarity in neo wave 7 legged diametric if anyone can let us know that would be gr8.
Vertical price bar marked as leg a-c-e-g (currently g leg happening)
Pull back from top of previous veritcal to bottom of next vertical are b-d-f legs (6-7 days)
If g is longest leg than nifty targets can ...