Nifty opened gap down, after consolidation it gave a confirming break down with volumes. It broke all the minor support levels. Nifty did break the major support of 4370 levels yellow line which I have mentioned in the pre-market post, but not with good volumes. It consolidated for some time below the support levels but couldn't breakdown with volumes. Which gave a good signal to buy when it bounced back above the support level. It retraced exactly from the 127.2% projection of yesterday's up move from 4388 to 4513.
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