Nifty is trading precariously near 10604 which is our last support level. Any hourly/ daily close below this number shall lead to 10450/360.
Bank Nifty is also trading near critical level 26597. If it loses the support then it shall lead to 26050.
Yesterday was the consecutive 8th session we saw nifty falling down. Whether the Index is going to create a new record in down trend or will there be a pull back from here.
In all probability today after initial hours of down trend, Nifty likely to pick momentum from the bottom.
If Nifty / BN Spot makes an hourly or daily close above 10709/26812 exit from Shorts.
In other words go long only when the index cross these numbers.
Good Luck!
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