Nifty likely to break 10775 crucial support level. Avoid long positions.

Nifty everyday making new lows and breaking daily, weekly and monthly support levels one by one. Now crucial level to watch is at 10775 spot level. This support is vulnerable now, likely to break this support soon.  as far as possible avoid taking long positions. Intraday bounces not going to sustain. Every bounce witnessing short selling and selling pressure.
Regards,
Suryadev Bandari
Research Analyst

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