Short term trend has confirmed a reversal today.
First sign of reversal was break of 0b line. When last wave down (9575 to 9448 ) was fully retraced , we got a 2nd confirmation of reversal.
Going forward, its not clear weather this upmove is a corrective bounce or a new upmove has started. Whatever may be the case, its good consider that we are in short term uptrend , till we see signs of reversal.
9575 immediate support , next 0b line will act as support.
earlier top of 9675 -9700 Zone will be immediate resistance.
First sign of reversal was break of 0b line. When last wave down (9575 to 9448 ) was fully retraced , we got a 2nd confirmation of reversal.
Going forward, its not clear weather this upmove is a corrective bounce or a new upmove has started. Whatever may be the case, its good consider that we are in short term uptrend , till we see signs of reversal.
9575 immediate support , next 0b line will act as support.
earlier top of 9675 -9700 Zone will be immediate resistance.