1. Nifty breached 200-day moving average (DMA) i.e. the magic figure of 4975 on July 21, 2006 and now the same has again been breached as on 11 Feb.
2. Historically as and when the 200 DMA has been breached a technical bounce back do occurs and thus one can use the rally to book the profit and lighten the portfolio.
3. Nifty has a crucial support at 4794 and if it is continously breached for 3 days one may see Nifty 4500 levels.
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