CARNAGE

Last 1-2 hrs of trade was nothing short of carnage, all technical levels of support just collapsed..It was unwinding all over specially in last 1 hr..Now What..Below 4550 we head towards the 4400 zone as this correction is now based on 3918 wave and its retracement with todays selling..4730-50 now happens to be the good resistance in coming days..Trade accordingly..cheers..