Update on Nifty Spot

If the red support line i.e 0-x line breaks, nifty may correct more than 61.8% of the rise from 6481.35 -  6776.75 i.e by more than 183 points (approx). So, one can expect a fall upto 6593 (approx) minimum as par the present structure. Better be cautious for a couple of days. Watch the number 6726 for Nifty Spot, above it bullish and below it bearish. We would require the first confirmation with a close below 6696.9 (yesterday's low) and thereafter break of 0-x line as the second confirmation.