Nifty -a fresh trade.

Assuming a 5 down from 4614 to 4374 or lower, a 23.6% to 38% retracement works out to 4430 & 4465. Chosen only 23.6% & 38% as there was an irregular correction in the 2nd wave(Bearish).
If it trades @ 4350 in the opening hour, aggressive traders may go long with a small SL ANd S&R @ 4430-4465.

At 9.57 AM:
Bought @ 4370 for a target of 4430 to 4460.

At 11.20AM:
Target revised to 50% retrace @ 4494. Trailing SL for Longs now @ 4420NS.

At 12.05PM: Trailing SL for long now @ 4440 NS.

At 1.00 PM: Trailing SL for long now @ 4460 NS.

At 1.06PM: PROFIT BOOKED @ 4494(NF) as mentioned