The bears gained control of the Dalal Street in the last hours of trade, which resulted in the Nifty closing below 18-month low level. Panic selling triggered when the Nifty broke the 4800-mark. The 30-share BSE Sensex plunged 297.50 points to close at 15,848.83 after hitting an intra-day low of 15,765.53. The 50-share NSE Nifty touched an intra-day low of 4,720, before closing the session at 4,747.80 (lowest closing for the first time since February 5, 2010), down 91.80 points.
Technical Levels For Monday-
Resistance : R1 : 4800, R2 : 4860.
Support : S1 : 4650, S2 : 4590.
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