Nifty January 3rd Week View

Nifty is looking uncertain. The downside is open, but right now it looks like we might witness short covering before any big fall. But nothing looks clear. Levels will decide the market mood. Expecting strong short covering if Nifty falls up to 22850-700. And for definite upside, Nifty must cross and sustain above 23850-24050. All levels are marked in chart posted.