MY VIEW ON NIFTY_FOR 10 OCT

A PULL BACK CAN BE EXPECTED FROM THIS LEVEL FOR A TARGET 3850 TO 4140 Contrarian view: If the bottom trend line on RSI drawn rightly, connecting the 2 pervious bottom, The RSI is having a breakout in downward direction. Also the price channel too have a down ward breakout .and horizontal RSI supp at 24 ie:2 point below the current level. taking the above in account if NIFTY trade below 3500 (yesterdays intraday support) it may further fall (1000 points channel height). But that can't happen all of a sudden in an oversold market. The west is still falling though I am expecting a small pull back up to Monday at least. Let us watch & see tomorrow.