Nifty still continues to maintain the container I mentioned in Nifty 24 September 2013 : The container for some time to come
and the inner walls of this container is already breached and breached back. The question now is whether Nifty will kiss the outer wall or it will continue downwards and test the other side. In my perception, Nifty reached a support zone today. If it is held, a rise towards the inner wall, which is shown with thick pink line in the chart below, may ensue. Subsequent moves may depend on the strength of the pink line. I would still like to wait for the kiss of the outer wall (TL joining 6112-6229) which now lies close to 6450:
