It's an upward trend in parallel channel But it can be reversible if support -1 line is broken. We can see market going down to Support-2. There's no strength in Market. It's showing weakness while trading in channel. Don't try to to buy now.
As we can see in our parallel channel nifty is not trading with strength. There's weakness in market In support line is breached then we can see nifty going towards 8800 Mark.
9000 is our support and 9400 is our rally point if It hits 9000 mark Market will go down to 8800 and if it hits 9400 then we can see a good rally till 9800.
