* Nifty breaking down the supports - can test 4863.23 eventually. ( The floor of the channel)* If there is any bounce due to any positive surprises, avoid going long unless closing is above 5350.65 in this week. (Can be stop loss for positional shorts).
*RSI 5period of daily charts is 19.70, there can be pullback from lower Bollinger Band up to 20sma. If fails to close above 20sma, shorts need not worry.
*There can be intense selling below 5149.50 in this week.
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