Nifty future had mentioned resistance is still placed at its 200-day SMA near 5212 and clearly advised caution and break below 5134 will pull down nifty towards 5094. Verify opened below 5200 and once 5174 was taken selling emerged towards 5134 and then lately it got dragged towards 5094 placing a low of 5101 for the day. Bank Nifty future had mentioned support at 9725 and strong support is seen at 9659 and break below with volume can retest 9470 also advised to avoid longs. Verify it opened above 9725 and break below pulled it down towards 9659 and once breached 9659 panic selling was seen till 9530 levels.
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