on monthly scale we saw a bullish harami candlestick formation in nifty . we tested the low of that candle this month i.e 10350 going forward its clear we have very very strong support at 10350 level. we have been always vocal in our past posts about buying nifty at lower levels for a new high. same strategy will be used in future- buy on dips with sl of 10350
at trendline support . buy with strict sl of 10685 cmp 10700 target 10750/10780
as it can be seen m&m tried to breakout of rectangle twice but failed .today it broke swing low at 741 a sort trade can be taken with sl of 740 for 716 and below levels