Nifty hits strong support area, on formation of clear strength, one can go long nifty futures for a 4550. Next strong support is at 3980 levels. As there is good weakness seen on the Daily charts, expect Nifty to reach support at 3980 before any bullish moves.
Many Nifty front runners are trailing, when the officers who have to lead the march ahead are weak, retracement is inevitable.
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