Nifty might correct upto 3009 because 200 EMA giving a very good resistance. If Nifty tries to break this resistance this uptrend has consolidated above 3250. It closes below 3140 then this correction can go deeper. For all long positions 3300 spot is the stoploss and for short positions 3402 spot is the stoploss. Above 3410 a clear bull's breakout will be seen. Heavy weight stocks have taken a very fast rally so they have to take rest or correct for a little while to make another upmove. But below 2960 it may go down to touch Oct lows. So please trade carefully because a volatile session is waiting ahead.
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