Nifty may go 9400 to 9525 if sustain above 9164 and then afterwards it may show downtrend upto 8500 to 8600 .
Will publish another view on it once it closes above 9600 .To trade in this range stop loss with 8875 on closing basis.
I think Nifty has formed a bullish ABCD Pattern and the bounce from point D has already come on 22nd May, Look for a target of 9586 in the coming days and since we have a truncated week this can come before or on expiry as well.
Apollo Hospital is consolidating in a range for quite some time now and its in process of forming a bullish ABCD, Look for a reversal from point D, which is yet to come and might come in the coming week, do share your thoughts on this analysis.
