Today is the 5th consecutive day of fall. Today's fall has been very tall and significant filling the gap of yesterday opening gap down by climbing up to 10437. It has broken the crucial support of 10290 and closed at 10248. If it does not take support and close above 10262, then we may probably see nifty future touching 10027.70.
Bank nifty futures also lost its crucial support level and it may land at 23650.
Yesterday we saw some resilience in Nifty. But today it was not visible and a total surrender and a free fall with no intention for any pull back after 2 PM.
Index closed at the low of the day. Probably indicating some more down trend remaining for tomorrow session.
Trade with caution and Don't be long at this juncture.
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