Nifty today took support around 10175 and closed at 10185 which is very close to the low of the day.
Bank Nifty also today lost 75 points and closed around 25285.
The pace at which fall was happening has come down, but still the trend is not positive. I have indicated earlier that Nifty last support is around 10120 and if bank nifty spot closes below 25150 it may lead to a fall up to 24800.
The levels and numbers are again repeated and before all these down side targets we cannot expect recovery in the market.
The whole week is bear week.
Range for Nifty tomorrow : 10120-10250 Bank Nifty : 25200-25600.
Happy Trading!
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