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Hi, Some more down side is expected .Nifty may go down to reach 3980 level and go down further to 3933.If NIFTY goes down further it may rebound from 3840.All stock levels are at low level and buying may emerge selectively. What ever may be we have not reached bottom. Upperside it will reach 4300 level with ease and face heavy resistance. If NIFTY survives the onslaught at this juncture and stays above 4300 NIFTY will reach 4400. While the author of this post is not responsible for the profit or loss incurred by the readers due to decisions taken based on this post he wishes every one a very prosperous day.