NIFTY rebounded back from its bottom of 9700 levels , nicely taking support of 20 EMA. However as suspected NIFTY will remain in a range or sideways trend for the most part of October.
The Major bullish trend will be restored on when NIFTY breaks the all time high wall of 10150.
For a quick Reference watch this video about Sideways trend
Next Support : 9700-9750
Next Resistance: 10,150-10200
Option Strategy: Bull call Spread , Back Spreads or any non directional Strategy.
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