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.
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3 comments:

  1. kumarNovember 11, 2009 at 9:04 AM

    thank u for giving us an idea about the market

    ReplyDelete
  2. SujathaNovember 11, 2009 at 9:49 AM

    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. RenuNovember 11, 2009 at 10:28 AM

    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

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