Bears had a tremendous victory on the day of the budget and the break of 4340 levels mentioned yesterday clearly gave them a very strong upperhand.
It has completely broken all the support levels and also trapped many bulls intraday above 4450 levels.
Now if the last support level of 4085 is broken, then a momentary test of 3998 levels is possible in the short term, from where we might see a good bounce instead of further downside. The view is neutral for the day.
Resistance levels : 4196, 4222, 4259, 4291
Support levels : 4117, 4085, 4045
-Happy Trading
www.tripleint.com
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