MarketWrap : nearing support level....bounce soon?

Fkli finished below 70 for the first time in 8-day. Still a trading sell mkt, ( red zone) Bulls are facing the danger of a mkt breakdown below 60. However, i think 60 looks good as a support as mkt is deemed in a range bound play. The real question is can the mkt bounce back in Dec.

To be sure, below 70 is a follow through sell mkt. Major fresh intra-day sell is when 60 breaches but a quick one as fbm is likely to be support at 60 if 70 breaks.

Buystop is lowered to 74 from 77.