First time nifty moved and corrected from 61.8% retracement... second time from 50% retracement and if sequence is followed it can retrace to 38% from Nifty high which is coming around 9000....
Second interesting thing... first time it moved 4000 points and corrected 2000 points... second time it moved 2000 and corrected 1000 points. Third time means currently it moved 1900 from low and expected correction is 900 points which is also coming around 9000...
Your views are welcome....
Second interesting thing... first time it moved 4000 points and corrected 2000 points... second time it moved 2000 and corrected 1000 points. Third time means currently it moved 1900 from low and expected correction is 900 points which is also coming around 9000...
Your views are welcome....