2840 - A Good Support

The markets were trading weak throughout the day but selling pressure increased during the last half an hour of trade. After three consecutive days of positive close the Sensex closed with a loss of 175 points and the Nifty was down by 56 points.

The Sensex closed at 9,822.52 down 175 points.

The Nifty closed at 2861 down 56 points.

Nifty closes at lower end of the trading range at 2840 (NSE adjusted close is at 2861). This support has been tested 3-4 times in last 2-3 days and as of now it is still holding. Break of this level would mean a free fall.