Last Trading Session: As we said yesterday that market would see sudden downtrend any time, same happened and market closed in sharp red.

Today: Market would still show some more downside towards our next resistance of 4885-4850. But market is preparing itself for big uptime. In near future market would see continuous uptrend. Don’t worry of valuations of your portfolio going down as it is just temporary and not permanent. Don’t book losses at all and have patience.

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BSE Sensex: (16408) The support for the Sensex is 16245 and the resistance to the up move is at 16900.

NSE Nifty: (4919) The support for the Nifty is at 4885-4850 and the resistance to the up move is at 5000.