Nifty seems to touch its support on the daily chart . A close below this level will drag the market to its new lows. Although a dozi indicate that as small rally is not ruled out. KST also suggest us that market can bounce back again after a correction. So one can buy nifty at present level and hold it for a price target of 5175.

BUY NIFTY @ 4950 STOPLOSS BELOW 4925 TARGET 5175.

Stoploss is very important at these level because if market did not be able to close above 4950 then a fresh correction upto 4650 is not rulled out....