Nifty has really struggled to gain much further from 10,340 levels hit last week after the bank recap announcement. Nifty has moved slowly and steadily with overlaps from the low of 10,241 which has alerted me to the possibility that Nifty might be forming an ending diagonal . I will give it a low probability at the moment as there are no signs of weakness in the market yet. Just be alert to this possibility as long as Nifty moves within the trend lines and if you see a sudden impulsive fall in market.If Nifty breaches the red trend line with momentum without breaching the green trend line then ED might become a reality . Please note that this is just a possibility and the primary trend is still bullish.
Good Luck.
Good Luck.