Nifty and BNF crashed as per expectations and closed around second support . Seems like more fall is in place before any recovery . IT stocks are doing well and they will continue to do so . Very few stocks have given breakout . Surprisingly no FNO stock has shown bearish engulf pattern . We may see one more dip to 16900 levels . Markets are highly oversold . We may see recovery from 16900 levels to 17k+ levels . Need to see whether it will sustain or not . My gut feeling says it may recover. Anyway markets are supreme . RBI policy and monthly expiry around so they will beat the market as much possible and prepare themselves for the next month series as major festival around and usually the trend is up . Happy swing trading
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