NIFTY SPOT SUPPORTS FOR TODAY'S TRADING:
4150 (nearly the low of yesterday)
4130 (S1 for today)
(all these might be broken at opening itself)
4110/4100
4085
4070 (S2 for today)
We are already in oversold conditions....
If , after initial knee-jerk reactions, SPOT is able to hold 4100/4080 level, then it may gaive a dead cat bounce till 4190/95 (yesterday's close) to close the gap down opening....
The bounce may not even last beyond 4150 (the first support i have mentioned & the low of yesterday), if even global markets are bleeding