It was another day of panic. Indian market fell drastically. Sensex closed at 15946.10 down 425.42 points & Nifty at 4778.35, 127.45 points down. The imporatant level for Nifty was 4842. Weakening of Indian Rupee & global markets played there role well.
For today if Nifty breaks below 4763 it may once again favor bears only. Below that level Nifty future may try to hit 4725/4698. Below 4687 it may go down to 4661/4647/4622/4600 in coming days.
But there may be some reversal up to 4821. Above this level it may try to hit 4880/4920. May be in 2-3 days it may hit 5050.
Happy trading
