Nifty moved above 4823 on the expectations of positive news of inflation. Although Inflation reduced from 9.73 to 9.11(MoM) but not according to market expectations therefore sharp down.As intraday charts between 4808-4838 are also showing selling patterns therefore more down moves can not be ruled out.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
