NIFTY has formed a spinning -top / doji like candle pattern. this Depicts indecision so for the short term market may go any direction .
Looking at the strong uptrend and 9700 as strong resistance we expect bias towards bearishness.
NIFTY likely to fall between the range of 9400-9300
Fresh buying can be done at the support zone as longer term NIFTY remains Bullish.
20 EMA & 50 EMA completely bullish ready to act as support and will throw NIFTY back!
NEXT SUPPORT 9550
NEXT RESISTANCE 9770