NIFTY Opened gap down below 9040. Then slipped below 9000.
1. Today's fall was on bad global news. 2. I do not think that this is just one day fall. This is likely to continue tomorrow. 3. If it closes below 8821, then the possibility of lower low in place.
I am not holding any positions tonight.
I was holding sold Calls at 9400 and 9300. I covered those today.
My weekly view is still in place , key level to observe now is 8821.
And overall, 9400 Level, which was highlighted in Monthly Review still holding as intermediate top
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