Every dip is being bought into.we broke below 2691, but still didn't break down.
Dow is hitting 11 years lows, and we are still 20% higher than our recent lows.yes, its strange, but that the way the market runs, it will never make our job easy.
i read in some blog, that in case we hit a 7 year low, thn nifty will be at 900 levels :-D
well for trades.. break down or not, i will still consider 2690 important, and no shorts above it, or no longs below it.
if 2690 holds, we may see 2807-2846-2870 levels in this week.
Now for intraday, 2707-2690 is the level to watch, breaking which nifty may fall to 2650-2635 levels.
if the above level holds, 2755-2772 for intraday
(EOD chart attached, All Future Levels)
