There is high possibility of a bounce from current levels or from around 9660 level,but weekly structure is extremly bearish like a marubozu candle which suggest a trend reversal. lets analyse chart one by one 1. daily on daily chart we saw a inverted doji hammer which suggest a bounce from current levels in which we can see a bounce till 9910,9964 . so on...
on daily chart nifty formed a small head and shoulder pattern ,whose targets are near 9800 but on weekly charts we have trendline supprt at 9840 so we may find support in the range of 9800-9840 levels and before that we have immediate support of 9920 so summing up all sell nifty at bounce near 10000 level cmp 9977 which we may see on next trading session and use...
sell tata motor with strict sl of 434 for target of 420.
accuulate in range of 350-375 for 450 target