Nifty View: Yet another volatile trading session for the benchmark Nifty index today, as the index gapped down and fell more than 300 points, to bounce back in the late afternoon and close the day with a loss of just 131 points. The market is reactive in nature now, and equity as an asset class globally is going through a similar correction. At today's lows, the index finds support yet again from the (16,800–16,900) zone, which has held the market thrice over the past few weeks. If today's bounce back happens to be a "dead cat bounce", then we are very likely to see a break below today's low by the end of this week. And if that happens, prepare yourself for further weakness.
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