Nifty Future I had boldly suggested in any case a breach below 5223 is not healthy sign for bulls and it may find supports at 5173-5155.
Verify Nifty future opened below 5223 the high was placed at 5216, could not cross 5223 and check it out it almost marked at my indicated downside level of 5155 making a low of 5161 for the day.
Also note that during the whole week, Nifty has remained within our mentioned range.
Bank Nifty Future written immediate support comes way below at 9348-9325 and if maintains below 9684 then it may once again retest 9348-9325.
Verify Bank Nifty future opened and maintained below 9600 which lead to a heavy crash once again breaching the support of 9325 and ended up losing 300 points in a single day.
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