If you are a regular reader, I have written many times - 7945 is a strong resistance - If Unable to cross may trigger a big sell off. As mentioned a lot of Fall happened till today. So what's Next. Price must hold 7540 or 7490 for a bounce back. Else the fall may continue. towards 7400 - 7300.
Nifty took support near 7760-75. Tomorrow if breaks below 7760 support, price may try to fill the gap left near 7690, if hold than we can see relief rally till 7850-7890.
Todays fall was panic selling due to global news. Nifty still in uptrend, If close above 7736.
If close below 7736 then we can expect big fall till 7250 or more deeper.