Following points to be noted... if nifty break out happened @ 10750
1) Fib golden ratio is .382, .5 and .618..
2) Nifty character for every retracement level is .5 in default...
3) currently nifty closed perfectly in trend line and fiblevel of .236
4) next level is .382 @ 10100
5) further next level is fib level .5 @ 9470.. also trend line is also crossing fib level of .5....
So nifty still in down trend ... so based on the above points, there is the chance for nifty will come down up to 9470... and stoploss hunting will happen at next level of .786 @ 9000
Let’s see how nifty will perform in coming weeks.... hit like if u like my analysis...
1) Fib golden ratio is .382, .5 and .618..
2) Nifty character for every retracement level is .5 in default...
3) currently nifty closed perfectly in trend line and fiblevel of .236
4) next level is .382 @ 10100
5) further next level is fib level .5 @ 9470.. also trend line is also crossing fib level of .5....
So nifty still in down trend ... so based on the above points, there is the chance for nifty will come down up to 9470... and stoploss hunting will happen at next level of .786 @ 9000
Let’s see how nifty will perform in coming weeks.... hit like if u like my analysis...