The good news first - Dow (US markets) has seen double bottom around 10,260, and i expect a bounce up to 10,600- 10,800-11,046 levels , which could come in this week.
i strongly feel that this double bottom of 10,260 will hold for sometime, and only some very bad news can break it, and if broken, it can lead to a selloff in global markets.
So nifty closing above 3894, may rally up to 4109-4138 in this week.
Now for Intraday, Nifty still looks weak on charts and trading below 3830 it may fall to 3777-3749 levels.
if trades above 3868, nifty will get a lot of strenght and may go up to 3896- 3925 levels
(60min intraday chart attached,all fut levels)
