Nifty Collapses along with BankNifty: Traders are facing technical snag in Options Trades

Nifty Collapses along with BankNifty even while traders are facing technical snag in Options Trades. Nifty Breaches 10000 mark to punch a low of 9983.95 and BankNifty a low of 20514.50. Remember the critical point that we did mention before when Nifty50 last traded around 10k 'Any Closing below 10000 is just another 4digit close for Nifty50'. Stocks had shown this selling pressure yesterday during afternoon trades when Nifty failed to trade beyond our resistance of 10178. We need to see where we close today. We will share the detailed update by 2:30. Stay Tuned.