As expected volatility is very high and Down TARGETS in NIFTY of 10387.85 achieved in one day and NIFTY making a low of 10294.95 . Next down TARGETS of NIFTY is 10115.31 and 10004.55.
Indices are over sold and Markets are sell on Rally positive divergence are nullified but averages are opening their faces in weekly charts which indicates a range bound trade
SUPPORT and RESISTANCE levels for Wednesday
SUPPORT 3 – 10294.45
SUPPORT 2 – 10115.31
SUPPORT 1 – 10004.55
RESISTANCE 1 – 10558.21
RESISTANCE 2 – 10751.55