General Study
Nifty has already tested 0.382 retracement level.
In most of scenarios where healthy retracement is needed, 0.50 retracement is very common and usual.
And in that case, price bounces from 0.382 first, then again come back to test 0.50 value area.
Wherever a deeper retracement is needed it even test 0.618 value area too but it is not most...
Test of supply at support marked by low spread bearish candles with high volumes.. Subsequent reversal from support with wide spread bullish candle and average bullish volumes. Potential candle for swing trading keeping target at resistance.