The most important level to watch in this down wave is 2763. till that level is broken, nifty will be fine.
In case 2763 breaks, nifty will be sold into in any upmove and will be in a position to retest new lows again ( this is an overall positional view)
In case 2763 breaks, nifty will be sold into in any upmove and will be in a position to retest new lows again ( this is an overall positional view)
Now for Intraday, after the gap down, we will still watch 2763 , if breaks may see 2721 for intraday.
if 2763 holds, may pull back to 2794-2833
(EOD chart attached,all fut levels)
