Nifty Future clearly mentioned if fails to cross 5077-5084 and trades below 5034 next target downside likely to emerge as 5001 and breach below 4993 would drag nifty to 4962-4903. What happened? Verify In the morning trades the low for nifty was placed at 5003 tried to move ahead but finally failed and a break below 5003 it was dragged to 4963 once again breached this level and sharp sell-off was seen towards 4903 making a low of 4915. Bank Nifty Future mentioned immediate downside support now comes near 8906 and break below with volume may strengthen panic selling towards 8637. Verify could not cross 9160, broken 8905 and a sharp slide took place towards 8864. Downside of 8637 seems waiting.
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