Nifty has broken my short term trend line (red line in the chart) and i expct a fall to 4870 today.
now i think nifty can male a bottom around 4863-4870, however if this is broken, we will see a downward move to 4775.
there will be some panic for sure, as, nifty has been following the trend line from march onwards, and might , might loose all gains made since march.
so watch out for 4863 levels for support.
if nifty closes below 4870, dont book out of shorts yet.
