One more time, it proved to be unlucky.

Yeah, markets lost all almost all its yesterdays gain. Even after such a splendid recovery seen a day before, markets could sustain at the high levels. Markets men again pressed the Panic button as soon as the Nifty nearly reached 4950 levels. As mentioned in the earlier blog ( even after yesterdays 300 points rally) that the Nifty will face super resistance power at 4950 levels. This time Bulls seems to be in no mode to press the BUY button. This time its seems there will be no stoppage for the Indian markets. This time the Bears may finally lead the Nifty fall below the 4800 mark, which considered to be a good support.
Nifty will fall down to 4700-4660 levels...
RSI in the recent past have broken all its support levels. MACD in the past have already given the negative divergence and the same was also informed to the readers of this blog.