Nifty achieved and retraced from short term trend targets of 4538 in a single move towards 4717 and continued the rise till 4836. The move being directional in downtrend occured from oversold levels assisted by profit booking and short covering.
The short and intermediate trend being down will get neutralised only on close above 4875 .
NIFTY MILESTONES: 4380<4650<<4750>>4880>5050
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