With rumours floating around of spending being cut by the govt, this index is key doing ahead over the next couple weeks. If it breaks down all its underlying can be shorted.
If there is a stimulus or some package for the infra sector it could bounce from support.
Watch for its underlying with close attention because they could give super chances both ways....
Reliance has closed at a critical support level. (50WEMA + Trenddline support)
Needs to have some green candles next week else it could potentially suffer a sharp breakdown and take the markets down along with it.