Nifty has opened gap down on the third consecutive day, shedding 300 points as the RBI Policy failed to impress the market. BN has closed at 24443, below 24760. BN closed at 24759.6 on April 5, 2018. Today's down move has broken 5 month support level.
Now next important support levels are 24062 and 23657.
Nifty looks more volatile than BN. It has closed above the low made on April 5, which is 10253. If it breaches 10253, then major supports are at 10121 & 9976. Nifty likely to take support at 9780.
We are almost reaching the point where the bearish trend should find its end. Nifty another 600 points and BN 1000 points further down trend likely.
DO NOT LOOK FOR REVERSAL TILL THURSDAY!!
Note these numbers and trade with caution!
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