Nifty will open gap down, and can fall to 4320. now this is an important support level, and should be held, breaking this, nifty can see a major downtrend in days to come.tgts can be 4228 before expiry.
now if nifty sustains 4320, it can bounce to 4460 levels before expiry.
for intraday, i dont think a trade can be taken immediately after the gap down, so we will wait and see if we can short it.
4320 holds the key.
