Update on Nifty Spot

b-leg down confirmed after the 10 day a-leg up and may retrace even upto 61.8 - 80% of a-leg. So now the trend is sell on rallies till bias changes to positive. The bull market corrections are normally of 2-3 days and hence monday and thereafter we need to keep an eye on trend reversal, if any.

The retracement targets
38.2% -  8625
50%    -  8557
61.8% -  8489
80%    -  8384