#Nifty is at TrendLine support. If this holds, there is definitely a possibility of a 1st bounce till 17675. We will have to reassess how it behaves there.
If the TL does not hold, a min retracement of the entire rise can be 38.2% which perfectly co-incides with the 200SMA.
If the TL does not hold, a min retracement of the entire rise can be 38.2% which perfectly co-incides with the 200SMA.