Daily Line Chart
All daily oscillators oversold. Around the 4550 level is 50% retracement level of rise from 3918 and 23.6% retracement level of rise from 2539. The Nifty touched 4538 levels today and closed at 4564.Watch and wait for signals of fall abating. Till then the bears can keep a trailing stop loss to protect their profits and the bulls can turn bears after a bounce.
Happy Trading !!