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| Nifty Daily Chart |
Aggressive traders may go long here & between 4700-4650 with strict stoploss of 4600 & target will be 4775-4825.
Retracement for the recent fall of 162 points from 4801 to 4639 comes @ 4701(38%), 4721(50%) and 4740(61.8%). Upsides possible above 4740.
Sustaining below 4650 will lead weakness & sustaining above 4700-4725 will provide strength so manage your position accordingly.
MLEma @ 4732 is a number that would be defended by Bears.
WLEma @ 4672 is a number that bulls would need to defend the least.
2-45 pm IST Update
NS may test 4586 also.
4586 is the 80% fibo retrace from 4801 to 4532. 71% fibo retrace is 4603.
TT Data has been updated.
Before Trading please see the Golden Rules and TT Data
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