Nifty looks falling knife again

NSE:NIFTY   Nifty 50 Index
203 0
Falling knife again?

Hi All,

Algo Trading and Options Chain suggesting NIFTY has downward area open.
Levels derived for NIFTY17JANFUT are as below.

R1 :: 8278-74
S1 :: 8252
S2 :: 8208-04
Comment: In-line with idea.. as derived and expected
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