As long as nifty holds 22,805 a sharp short covering rally is possible around Mid session. Which will rally upto 23,080 & 23,168 levels. If it breaks 23,805 on first half of the session then a decline towards 22,577 is possible. Happy Trading.
Today Nifty formed a double bottom with valid RSI divergence on 15-M t/f. As long as hold 23,100 then upside is possible. Initial target is around 23,260 to 23,280 and 23,330. It could be a trending day and also a expiry day use it.