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Ø Nifty had a violent session. It gave up all its gains from the highs and the way it had reacted does not give one the confidence. On the way down, its support levels are around 5980-5960 and then around 5920-30. If it closes below 5980 - it would be in for steeper correction that was originally envisaged ( 3 - 4 % correction).
Ø Nifty's support for 20/10 is likely around 5960.
Ø We had already indicated first support levels for many scrips which had held. However, if Nifty reacts further, we would advise second level of supports where averaging could be done.
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