I had boldly suggested to clear long positions and also specified if trades below 5141 then concentrate on major supports which are at 5035-5055. Nifty future opened weak and slipped to the given support of 5035. Verify, it made a low of 5033.20 and then there was a reversal till 5111. Just check the highly influential level of 5035 it worked like a wonder figure. Bank Nifty Future mentioned if fails to cross 9954 and again trades below 9788 we can’t rule out a correction to retest 9684-9656. Verify, in panic selling it slipped to 9611.65.
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