Market Catches Flu - Inder Bhatia

The Indian market began on a weak note and saw selling pressure throughout the session and closed with heavy losses, since the Nifty broke the stoploss for longs of 3423 and closed below it. For coming session if Nifty trades below 3351 it will test 3310-3290. On the other side trading above 3417 it will test 3450-3477. On hourly chart RSI will get support near the 40 level, presently at 45.