Nifty continues on the bullish run .The same flag pattern which we had uncovered is also a Double bottom pattern but Continuation Double bottom.
So based on the pattern we can draw following conclusion:
The depth is between levels of 10150-9700 so =450
So our logical target based on the pattern will be 10150+450= 10600
The Pattern forms between 31 August 2017 to 15th of October 2017 so time is 2.5 months (~75 days ), In Double Bottom chart pattern targets are generally hit in 1/3rd time of the pattern formation , so the time taken to hit 10600 will be 75/3 = 25 days
Next Support : 10200
Next Resistance: 10500, 10600
Option Strategy Bullish Credit based Strategy like Bull Put Spread