Nifty will look for another 300-400 points on upside

Nifty takes strong support around 10000 level.

It looks to break recent swing high 10175. If it breaks then move upwards till Fibonacci 161.8 level (10558).

And also it has strong static and dynamic resistance around 10600 level.

So my view is if it breaks 10200 level, may expect another 300-400 points on upside.

Trade closed: target reached:

Nifty reached my target (10500) by made high of 10553.15.

Comment:

Nifty made high of 10598

Trade closed: target reached:

Nifty reached my target (10600) by made high of 10598.