Nifty had a free fall again, and made another low. now next support is only aroung 3860-3801 levels, and yes nifty can easily go there.
the only thing that can give us a pull back from here is crude oil, only if it cools off, will see nifty moving up to 4220 levels.
For intraday, nifty is going to be weak, and range can be between 3960-4051.
if nifty opens flat and is not able to cross 4016, nifty will see 3960-3901 today.
however a crossover of 4016 would mean an intraday reversal, and nifty can go up to 4033-4051-4097 levels.
for the STBT that we are holding, as dow didnt fall as expected, so one may book loss on opening as the SL is big and comes around 4016 only.
next round of intraday shorts should only be initiated if 4016 is not crossed.
all trades in nifty will have big SL due to huge movements in nifty, so be cautious with your positions.
