Nifty: Resistance 3388/3460
Supports 3250/3201/3157/3113/3070/3000
View: Govt is trying there hard best to make mkt stable, but its of no hope. RBI cut CRR by another 100 bps to ease liquidity in mkt. US mkt cracked again by 7%... giving no hope of recovery what so ever to global mkt. Lookout for 3113, it acts as very strong support, below it, 3000 will act as psychological support as well as its 61.8 retracement of this whole bull run. Its very risky to short stocks which are already down by 70%-100% , so we should wait for correct time for right trade.
For upmove, Nifty needs to consolidate & to consolidate it needs to stop falling.
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