Gap up opening in NIFTY
Nifty opened high from its previous closing around 16820.
Significant resistance that we saw yesterday is at 17055 based on Fibonacci, still holds. Once Nifty maintains above 17055, the following levels are around 17260.
50 SMA still moving below 200 SMA.
Significant supports are at 16700 level and then 16431 based on Fibonacci Charts.
Significant resistance that we saw yesterday is at 17055 based on Fibonacci, still holds. Once Nifty maintains above 17055, the following levels are around 17260.
50 SMA still moving below 200 SMA.
Significant supports are at 16700 level and then 16431 based on Fibonacci Charts.
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