Sticking to Dow theory

Nifty last 2 bottoms 11,100 & 11,185

Bank Nifty last 2 bottoms 21,027 & 21,031.

Mini bottom at 21,400 broken already.

Change of trend is only below these 2 major bottoms.

Till they hold trend is up, once broken gives confirmation of change of trend

Nifty connecting last 2 bottoms 11,110-11,185
and 2 tops 11,800-11,618

Bank Nifty 3 lows (20,926, 21,027-21,030)

June-July-August lows will decide make or break for Bank Nifty.

Till they hold there is a chance of good come back

60min chart, if breaks and close below 11,100 its over for bulls.

Watch 11,100

Sensex last bottom 37,654