As predicted in the previous post, nifty has corrected by 150 points, But still the weakness persists. There is still more bottom left for nifty and bank nifty to complete the downward cycle. Any bounce is sell on rise during the day.
Watch out 10779-743 where one can expect bounce with a strict SL at 10692. In case of bank nifty the bounce area is 27025-50 with SL at 26900.
Remember, today;s session will try to test and eliminate the weaker participants in options trade. Hold your positions if you have brave heart.
Good Luck!
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