Nifty has retraced more than 50 per cent of the prior rise and the next major support is placed in the region of 8,756-8,800 as 61.8 per cent retracement is placed in this region. On the upside, the zone of 9,050-9,165 is likely to act as a resistance level for the index. Stocks in news: VEDL, Tata Consumer, ABFRL, Raymond.