#NIFTY Weekend View on the 25th.

The week’s move by itself was with a bearish bias. However the longer term move was indeed sideways. The Index is poised at a crucial level now. The index had broken the previous price support level at 9606 and near the previous maximum downside price excursion. A lower close from current level could take it sub 9500 levels.  However the probability the index taking support at current levels is more likely as the week’s bearish move was on low volume.  The index is likely to have more sideways move. 9665 is still the stumbling block for the Nifty which has to be broken convincingly.