Nifty technical view based on weekly and daily chart. You can see a positive divergence in nifty daily chart. But overall trend is still bearish in nifty. It is still in previous accumulation zone. 10800 support was broken yesterday. but today came back to that level again. Once this level broken convincingly, It may go down further continuing down trend. Breaking upside will leave bears trapped and chances of short covering.
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Disclaimer: Author is not a sebi registered analyst. Views are shared based on market research and study and personal in nature. Others can take the different view and opinions. Please study thoroughly before enter or exit the trade.
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