it seems nifty may get support at of XA which coincides with 161.8
or 113% retracement of a XA which coincides with almost 261.8% .
stochiastic oscillator has already dipped in to over sold position.
some bounce is expected in the PRZ zone.
At present in my opinion selling can be done.
but in the PRZ zone selling should to be avoided.
buying position in the PRZ zone should be initiated after confirmation of trend reversal for a target of at least 38.6%
short when 11614 is broken.