Below 4586 Nifty will drag down further

NF Daily Chart

"4586" is the 80% mark of the retracement of 4531 to 4801.

ST reversal, if any, is possible if it holds.

Breach of "4663" would have, initially, some upsides. More confirmations would come only above 34 Hr sma @ 4705.

Downtrend is intact. Below 4585(approx..), it could gather momentum





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