- Harmonic Pattern formed – Bullish Bat Pattern
- Potential reversal Zone (PRZ) – 9395
- The index has made a low of 9501 and slightly recovered from that level. It is currently trading around 9667.
- Short term trend is slightly bullish as long as support 9395 holds.
- Any break below 9395 will drag the index down till 9300/9125.The minor support is around 9500.
- On the higher side resistance is around 9620 and any break above will take the index till 9705 (4H Tenken-Sen)/9807/9880.
It is good to buy at dips around 9510-9520 with SL around 9395 for the TP of 9800/9880.
