Nifty had a big rally on tuesday, and expected to show some profit booking today.
breaking 4464 fut nifty will be weak , and can fall to 4447-4424 for the day.
now for deciding the trend, 4415 is a very important level, till 4415 is held, nifty's tgt is 4640.
i dont expect any major move today, specially on the upside, so stay cautious and book small profits.
Another factor to watch out for is, that dow fell almost 300 points from day's high on tuesday's trading, and crude might have bottomed out. these are the other reasons to be careful about.
next buying comes if nifty holds 4415 in nxt few days.
