Tuesday, November 10, 2009

Nifty caught in Fibonacci levels

Today Nifty got resisted at 61.8% retrachment level of recent fall from 5181.70 to 4540 and took support at 50% retrachment levels.

3 comments:

  1. thank u for giving us an idea about the market

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  2. Is your chart showing "W" shape recovery possibility? Will touch the low and again for TOP?

    Novice... don't mind about the "Q" if i am wrong..

    Thanks and regards

    ReplyDelete
  3. hi sujatha,

    according to berakout from descending broadening wedge pattern nifty should again touch previous highs but one should be cautious as up move is coming on low volumes.

    Renu

    ReplyDelete