Nifty has just taken support on closing at our laxman rekha but as nifty has breached important level of 4830 and there is expiry and with weak globle cues now the next support for nifty shall be 4675 and not holding would give another bloodbath selling as weekly and monthly shall be in sell mode by then also now postional long shall be only above 5050 levels as on date till then sell on rise also nifty closed below 200 ema for the second day after trying to bounce but the bear had taken over. I have no position since last two days waiting for a bounce back please donot keep over leverage positions
Watch for levels of 4726 - 4655 - 4538
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