A Day credited to bears.
Much of the sell-off seen today was because of the Europe Sell off. Below 5605 the visible target of 5556 got achieved and the panic continued.The closing session rally was just intraday profit booking of Shorts and nothing Else.
For tomorrow the Weakness would continue till 5465 -5430 at most.5465 is the area from where i am looking for a decent bounce -- Confirmation yet to be checked tomorrow. On the contrary Above 5556 The rally may continue till 5620-5640. Remote chances Exist though.Also note that if 5465 doesn't Hold then we would land at 5380 on dot.
Today with a closing below 5556 We are in a bear trend as such till we do not close above 5605 Now.
Staying with trend is Prudent Now.
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