Nifty charts shows serious breakdown, and where it is going to stop, is a question that is difficult to answer.
for today, nifty will open around 4240, and can fall to 4191.
now if 4191 is broken, nifty's nxt support is around 4080. the way nifty has broken down, every rise will be a short, and any thoughts of buying should be avoided.
from hereon, 4400 is going to be a stiff resistence.
