major support broken...

While correcting the  market for December series settlement a major support 2916 was broken by closing nifty at 2857. Hence the upper level predictions are not expected as of now. But as the predictions are based on the expected news development we have to wait and see the trend of the market.  Long expectations will get hope only after nifty crosses 2920 once again.   If nifty brakes 2770  the only trend is to down side and there may be a new low expectations. Major expected events to down side: War and Global negatives. Up side the 2 nd stimulus package, oil price cut, news of elections & packages and operator's  need for exit at higher levels.