Nifty - Break form 10K or 9.6K to decide future market direction

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NIFTY

Nifty will act range bound between 10K and 9.6K until either of the regions break. A break and hold above 10K region would send Nifty to higher regions whereas a break and hold below 9.6k would be bearish.
The 10K region has been tested on 3 out of previous 4 sessions and would have a higher probability of breaking if re-tested again.
Nifty has stayed fairly sideways for the past few days and so we can expect to see a big move sometime soon now.

DJI / DOW Jones / SPX seems to be doing good from the past few days and that is helping Nifty stay afloat.
These global markets would help decide Nifty's future moves so keep a pulse of them.

Daily RSI
NSE:NIFTY - 56 ( Neutral Zone)

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