Nifty made a high of 4779 low of 4640 and closed at 4706 which is 105 points down from previous close.
Nifty bounced from the low of 4640 to close at 4706 , Nifty went down below the double bottom of 4727.
Now this 4727 will act as resistance , the support comes at 4630 and 4550.
Avoid shorting at lower levels . Today F&O settlement also is there so it will be more volatile.
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