As we discussed in sundays post the lowest intraday low of 21st and 24th,june would draw a line between a trend continuation and a trend REVERSAL.
so holding 23350 trend on TIME front for now would continue to stay strong.
A daily close below 23350 would trigger a sharp trend reversal on NIFTY.
On PRICE front as I have been discussing here since past several days that holding 23250 which is a pattern support the structure of NIFTY is likely to stay BULLISH.
with recent price expansion that support have shifted higher towards 23500 on spot.
so holding 23500 NIFTY could test level of 24000.
which also happens to be a next major resistance.
the zone of 24000-24150 is going to be a very strong resistance on upside.
So bottom line is holding 23350-23500 zone technical setup is likely to remain strong.
Possiblity for a REVERSAL would persist only below mentioned support zones.
gann,insides 