Nifty made a high of 4818 low of 4628 and closed at 4651 which is 94 points down from previous close.
Nifty made a large sell in the second half and went below the yearly low.
Nifty's PCR ratio is 0.93 which suggest that large unwinding happened in puts and positions got build up in calls.
On breaking of 4600 it can further go to 4530.
4674 will be the resistance on breaking it can rally towards 4730 and 4770.
until holding of 4600 a pullback rally is expected up to 4750.
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