It was a day totally dominated by bears. The intensity of the fall is so severe that even the intraday bulls couldnt get a few odd points.
Now the question is back to the old post which I wrote three days back
Now considering the fact that the bullish move made two days ago is totally nullified and is a strong end of the day bull trap, there is much more downside left to the markets now.
In any case, for the bearish move to continue Nifty should not be able to move past the 4485 levels and it is sell on rise with 4537 as stop for the coming days.
Resistance levels : 4444, 4465, 4485
Support levels : 4359, 4302, 4245
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