The Nifty Future moved in a narrow range and made a low of 10691 and filled the gap which it created a day before. It retraced approximately 61.8% of the fall from 10967.9 to the low of 10408.55 and has the potential to go up to 10842.
The Day traders can buy it above 10741 with a stop loss of 10719 for the target of 10842 and sell it below 10718 with a stop loss of 10741 for the target of 10671 and 10638.
The positional traders can sell it below 10671 with a stop loss of 10731 for the target of 10539 and 10410.
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