Currently, Nifty has completed retracement of almost 45% of the fall which was from 12,430 to 7,511. We expect the Nifty to see retracement of 50% which would be at 9,970 levels. We see very high probability of reversal from those levels because we have conflux of resistance around 9,970 to 10,330 levels. So from the current levels, there is limited upside so please don't get too carried away with current rally. If the Nifty reverses from here to 10,300 levels, then the correction can be sharp taking the Nifty to 7,500 levels. The correction can also be to the extend of 6,500 levels. Also, here we would advise to our clients to book partial profit on Index view which we initiate on 20th March, 2020 where we had talked about pullback rally to towards 9,600 -10,300 levels....