Nifty Short Term Bounce Prediction
Nifty is near 200DMA and is long due for a relief rally.
The rally could go till 11500, 11575 then back to 11200-11000
Initially market can form a double bottom near 11100 before bouncing to 11500.
Double bottom might consist of a high at 11300, 11400 first then 11100 then 11500
The rally could go till 11500, 11575 then back to 11200-11000
Initially market can form a double bottom near 11100 before bouncing to 11500.
Double bottom might consist of a high at 11300, 11400 first then 11100 then 11500
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