Perfect sell off

Yesterday Nifty managed to break an important support @ 4482. I was in the view that 4447 may hold to go long. But selling happened at every possible raise. Last hour attempt was also not up the mark.

Today an important level to look for is 4348. Nifty spot if holds this level, then a bounce may be expected. Longs on Nifty can be initiated above 4422 level only.




Levels for today :

4321 - 4348 - 4380 - 4422 - 4447 - 4469 - 4492