NIFTY: Supports 3870/3838/3820/3800/3773/3737
Resistance 3939/3977/3999/40006/4090
View: Nifty has fallen heavily. Now all so called "analysts" have become bearish on this market when its trading in such lower range. Remember we started our "cautious/bearish" stand when market was trading at 5100. All indices & Stocks in Oversold area, all indicators are in oversold area. Huge shorts are created, so if any short-covering comes in it may be huge. AVOID SHORTING AT ANY LEVEL. BETTER BE SIDELINE.
I would advice to buy 50% stocks if market falls to : 3600-3800 zone & wait for next indication to buy rest.
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