12-45 pm Update
Holding above 4710-4725, the immediate target/ min. target is 4805-15.
If manages to contain the correction from then on within 38%, next target is 4880.
So far it has been behaving like the rally from 4639 to 5099 which was a 61.8%, hence the 4882 target( a 61.8%).
The similarity could end suddenly.
The 4639 to 5099 took 9 trading days.
If the current move is a corrective one, it is expected to consume lesser time. Sofar it has taken 4 days.
Two targets: 4810 and 4880 while holding above 4720.
2-30 pm Update
"Watch 4755" for intraday breakdown..if any.
At around 4800+, look out for -ve div in Hour charts
Hold Nifty future with a SL of 4720
TT Data has been updated.
Chart is not posted due to boxing day cricket match.
Before Trading please see the Golden Rules and TT Data
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