As expected in my posting yesterday, NIFTY dropped to the 5274 level and (marked Red) and a little beyond, as expected. It is expected to continue the slide further. The nearest supports for NIFTY futures are 5235 and 5203. If NIFTY breach convincingly, below this level, then the supports are 5182 and 5000. The nearest resistance on the Daily scale is at 5372. The Intraday Chart has gone SHORT as shown below.
