NIFTY Has taken a support at the 9700-9750 zone after the blood bath this week.
Korean Missile Crisis NIFTY’s fall had more nuclear fuel added to it with Economic Data & weak Earnings Report being released.
The economy has slowed down at the markets have reacted .However, in a bull market all corrections tend to recover faster than one can imagine!
We will get into a bearish mode if the support level of 9700. Bullish-ness will be active if we break 10200.
Market may remain Range bound between 9750 & 10150.
Nifty has bounced off 20 EMA on weekly charts so bull run is intact.
Next Support : 9700
Next Resistance: 10,150
Option Strategy: Bull call Spread if we get a trigger or any non directional Strategy.
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