Nifty - Bears knocking the doors

The marked ellipse seems to be a corrective rise so far, in the form of zig-zag. The marked square is a rare island reversal pattern formed at the top. The break below 11549, will break the uptrend started from 10585 and the index might be ready to retrace back towards 10000.

Disclaimer: This is for educational purpose only. Its not a trade recommendation.