FederalBank looks like forming the possible shark pattern. Around 70 levels, it should reverse. On the other hand, Elliottwave Wave 2(Not shown) would end at 70 level. I'd go long with 63 as SL on closing for target of 150-210 for 1 year target.
I was expecting a golden ration retracement on Nifty but surprisingly it took a U TURN at 50%. Trend look positive on short term upto 10780 levels.. as shown in the above image, upper trend line acts as immediate resistance.
As said in earlier post 10500 done. Markets corrected and looks like formed a bottom at 10260-10250 levels. A close below 10230 would be considered as reversal. Markets may see another life time high in couple of weeks. Anticipating 10700 for now.