Nifty holding trandline support on Weekly chart. Intraday pattern also suggest Sharp reversal and then range bound action is likely to happen. Range is 10850-11200.for next week.Those who are saying 10600/10500 are bluff masters.
Some positive announcement is possible from government or RBI (50% rate cut or change is CRR.
Nifty is holding Trendline Support And holding Long-term Moving Avg. Gap is almost Filled. If nifty fall below 500 chances are less than 1% than Nifty will not stay that level. intraday recoved from lows.if that happened.
Nifty mid and small cap index was under complex correction. Correction will complete within 3 to 4 month after price break trendline .Stock are already bottoming out .
