Nifty will act range bound between 10K and 9.6K until either of the regions break. A break and hold above 10K region would send Nifty to higher regions whereas a break and hold below 9.6k would be bearish. The 10K region has been tested on 3 out of previous 4 sessions and would have a higher probability of breaking if re-tested again. Nifty has stayed fairly sideways for the past few days and so we can expect to see a big move sometime soon now.
DJI / DOW Jones / SPX seems to be doing good from the past few days and that is helping Nifty stay afloat. These global markets would help decide Nifty's future moves so keep a pulse of them.
Daily RSI NSE:NIFTY - 56 ( Neutral Zone)
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