Price @ Demand. Nifty repeating history with price falling nearby same % within 9 days (Scenario is bit different this time)
Till 9855-9920 is not crossed use bounce to reduce long positions. On downside 9640-9680 will act as support with 23.6% retracement of 7893 to 10178 @ 9640
Break below 9640 with volumes will extend further fall towards 9450-9520
Till 9640-9680 is not broken bulls will try to bounce back
Index is trading below its 20DMA & 50DMA with both curve downward indicating bearish momentum, also oscillator trading below average is adding to further bearishness
Avoid aggressive and leveraged longs till index not sustaining above 9950