Well, we defntly overdid the fall yesterday, nifty easily broke strng support of 4800, and agn bulls are wounded.
it only shows how strng the bears are.
no longs, cut ur positions, i m very sure we will see much lower levels.
now for intraday, a gap up today will mean shorter's delight.
nifty will be weak below 4787, and thts the SL for the day.
lower side tgts is 4641 breaking 4691.
trades shud be reversed only above 4864.
also keep an eye on asian markets, and european markets, coz if thy r positive, we wont fall a whole lot.
