Do have a look at what happened on Wednesday. After that nice 50 per cent pullback, the markets opened with a gap down on global cues (surprisingly) and bang down it kept going till it reached the fibonacci extension on the down side to 127.2% target of 4342 levels which was there in the calculations since a few days. The point is that it went down without any pullbacks was an indication that the big fellows did not want any one to go long even for a better Thursday and they did that rightly. The markets on Thursday are generally healthy ( the Asian markets ). So where do we go now ? A pullback up in support to the terrible fall which certainly went in the history as one of the major falls. What next levels do we watch? Do we watch up or do we watch down ?The next levels state that if we go below 4310 and sustain there for some time, we can go still deeper to test the levels of 4220 and 4100.Come to the market today to watch. All the best.
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