So nifty closed below 5100, and gonna crack today, anybdy who follows these levels would have been immensely benifitted.
In the gap down, we might hit 5039, below tht imp support at 5023-5000
now breaking 5000, nifty can hit 4964 for the day.
now what we need to watch is, if nifty closes below 5000.
if it does, then the bears are here to stay and we can fall to 4860 levels.