Nifty is fast approaching the crucial level of 4720-4675-4650 which i have shown in my earlier posts.This level is under seige for the third time in the past 3 months.Momentum on the downside has just picked up so looks like the Nifty may not be a third time lucky.
If the support breaks then the red support line should prove good support at 4538.Will look at further targets if this support breaks too!
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