Nifty strong resistance at 10700.

As we see in the chart, there is a strong resistance at 10700 which is 0.236 fib retracement. It has tried to break it 4 times but failed.

I advise traders to take a cautious position as if we dont see a close above 10700 we might see nifty going towards 10570.
On the other hand, a close above 10700 would indicate nifty towards 10780 and 10880.

Happy investing!