Nifty50 is in strong uptrend and my personal view on Nifty is bullish medium to long-term.
However, you can expect correction soon. So, for swing traders and investors correction may provide you an opportunity to enter.
That's why you need to know from where Nifty50 might bounce back. So, I draw key diagonal Support and Resistance level.
Wait for these levels...
Seeing the Sgx nifty, we can expect nifty to opens gap up.
Tomorrow, If we see nifty opens gap up by 300 points or so, at 9560 it could take a halt for a while and can move towards 9700 levels.
And if it opens above 9770 then it can take support at 9550 levels and then move towards 9700 levels.
Major support for gap up opening is around 9400 -9380 levels
