When nifty has dropped from 10930 to 10200 it means the under current is weak. Index is vulnerable. On a weekly basis it must show strength. For example first week high 11035 low 10261 close 10316.5. This week still we are below 10316.50. Again this week high 10482 low 10138 and close should be above 10316.50.

On a weekly basis, lower lows and lower highs are formed. Next week if you find nifty above 10482, then you are sure of up move. Till then we must watch market.

There is nothing called technical . We must wait for the right time.