AS MENTIONED IN THE FRIDAYS BLOG THAT NIFTY SUPPORT IS AT 4975-4870, IT DID TAKE A GOOD SUPPORT AND BOUNCED BACK, FROM THESE LEVELS, BUT DUE TO EXCESSIVE SELLING AND PANIC, THE NIFTY CLOSED BELOW AT 4857.THE NEXT SUPPORT IS AT 4780-4673. NOW 4870-4975 WILL ACT AS A GOOD RESISTANCE LEVELS. TILL THE TIME THE CLOSE IS NOT ABOVE THESE LEVELS, THE VIEW IS BEARISH.
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