As it was an Inside Day on the daily chart, nothing could be ascertained for tomorrow, even though my view mentioned in my Market Next Week remains intact.
Hence, I looked the lower level charts and found a very high chance of a continuation of the fall with high intensity.
If NIFTY Futures breach 4915, we might see it heading much lower and test 4786.
The most important point to be noted is that, the bottom trend line of the Weekly Chart pattern lies approximately at 4840.
So… touching 4786 means breaching the above trend line. This is the point I am expecting the real Nuclear Power of Bears unleash.
So expect the unexpected in the near term; unless extremely positive news triggers the market upwards.
