Nifty Future had mentioned immediate support at 4903 a break below dragged it to 4887-4879 and finally it tried to move down towards 4818 levels making a low of 4845. As nifty was in oversold zone it managed to hold the channel support zone or else we could have even witnessed 4786 levels. Bank Nifty Future mentioned for any further up moves it needs to cross 8905 or else we will witness panic selling. Verify could not cross 8905 and a sharp slide continued towards 8694 and in the late afternoon it again tried to move towards 8905 placing a high near 8890.
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