Probable Ascending Triangle pattern on day chart. Supports and Resistances are marked. The spread of price is shrinking as the time passes. Price once more at the support line which was respected many times in the past. Price is hanging around 200 DMA. After the big fall Nifty has retraced more than 50% of the fall. For bears breaking the level of 10800 decisively is crucial. Union budget will be tabled on 1st of Feb. This budget may have many financial soaps to woo the voters. So apopulist budget may be coming. If this happens, it will have an adverse effect on the market.