Nifty may come down to 4650 _4500 level 14period RSI below 50% Stochastic turn negative MACD poised for negative across over ADX shows weakness near 16 with (- DI 34.93) negative directional index near 35 and moving up

more bearish

A retest of 50 DMA can be repeated, while more down side is expected as the indicators are leading bearish. 20 & 50 DMA shows convergence. Resistance at 4750. Targets 4650 _ 4616 & 4584. #NIFTY long term ( for coming weeks only) we may see #MARKET near 4100s, of course with a bounce somewhere in the middle. These charts are not to be considered as predictions but only for awareness.