Nifty fut:--Intermediate trend was turned down below 4920--- but primary trend is still up, till it hold 4550--- its only a correction in form of intermediate trend. Its roughly 400 points correction from previous high that is near 8% correction. Expecting strong support near 4750--4720. Selling may be exhausted and we may see pullback rally up to 4850---4920----4990. But if its unable to hold 4700---then next target 4550--4320.
What to do? Try to Buy on dips till it hold 4750--4720 or sell on rally near resistance levels. Expected trading range between 4700--4920 in coming days. ( Courtesy : Vijay singh)
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