In the coming week, it is being expected the current decline to find supportive efforts around 9800 mark, as the index has approached extreme oversold conditions developed on daily and weekly momentum oscillators after 15 percent plunge over past eight weeks.

Historically, within a structural uptrend, secondary corrections of 13-15 percent have been in a norm. Time wise, since the beginning of the financial year, each directional leg in the Nifty has lasted for seven to eight weeks.

In the present scenario, Nifty has already corrected 15% over the past eight weeks. As experts expect the index to maintain its rhythm, and it is being approached price or time wise maturity of ongoing decline, so Nifty may pose a pullback from the vicinity of 9800 levels.

However, for a reasonable pull back to materialize, Nifty need to close above 10200 levels and start forming higher high and higher low in the daily time frame on a sustained basis.