NIFTY - Follow up

NIFTY (5030) - Posted on 02nd Nov. "this month probable low 5150-5050"

whereas yesterday it traded and closed below that also.

 what next ?

Now yesterday low 4990 is crucial.

In case, if trade and close below that also,

then  expect big down move that going to test recent low of 4760-4720.

Trade and Stays below that then Ultimate down target 4160-4040