After a pretty good fall, NIFTY recovered very strongly. The bounce took place off the green diagonal line in th 2nd square of the grid (counting downwards). This tends to happen frequently. Big question now - will the downtrend continue or are we in for some more tests to the upside? In my opinion, we are not done with the falls.Projected High: 4,465.6499 (8.1499 points)
Projected Low: 4,351.2500 (106.2500 points)
Bullish above 4,488
Bearish below 4,426
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