It has already gone down many points
though it may be risky bet as NIFTY closed in RED today.
Please note that all targets are valid for 1-2 days.
My first target is very conservative next target level is 374 or you may keep in between it i.e. 371.5
Don't forget to keep trailing stoploss
(Tag is Theory - I am practising it and cannot reveal)
Recent significant high was approx 400,
Sq root(400) = 20 -1 = 19
Sq (19) = 361 was low level. So every one thought it to get support from this level , however, it has breached it in the morning itself.
Now new resistance is 361 for near future.
Coming to down side , Sq18 = 324 or 325 could be good support,
360-324 = 36 is difference, .618 of 36 subtracted from 360 = 338 another target or support, if breached will land to 330 /325
CMP at the time of post is 339.5