Although NIFTY poked its head about 22 points above the 270° level of 4535, the index pretty much hit a brick wall and turned down firmly. If the down move continues, we will probably see a visit down to the 180° level. If it carries down further, we'll probably look at re-anchoring the grid from the recent high (if that is what it turns out to be).
Projected High: 4,478.4248 (79.5249 points)
Projected Low: 4,300.9248 (97.9751 points)
Bullish above 4,423
Bearish below 4,374
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