Nifty and Sensex are diverging from current breakdown seen today. Nifty has given complete breakdown where as Sensex holding on to its previous low as well as trend line support as shown in Chart.
Even if Nifty has to go down and crack completely to witness panic fall there should be a bounce before it happens due to extreme oversold conditions. Bounce to 5750-5800 is possible.
Below Charts are self explanatory.
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| Sensex Daily Chart |
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| Nifty Daily Chart |
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| Bank Nifty Weekly Chart |
Nifty bounced to 5754 as expected and gave sharp fall today post that
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