A double bottom formation in nifty is seen. Since nifty has not tested the low of 11036 again and also 11136 is held, we should now wait for a confirmation. A close above 11382 confirms reversal and confirmation of short term bottom formation. At this point one can go long in CE and index futures. Till then one should be patient.
Level for the day Nifty 11180-11400 BN 28850-29600.
Good Day!
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