Nifty is approaching fibonacci confluence support level of 4886 and 4869.
If nifty reverses from these support levels it will move to 4945.
Breaking and trading below 4850 will invite trouble for nifty it could easily get knocked down to
4820 and 4795.
For nifty to turn bullish it must trade above 4975 with volumes.
If it manages to do that then it will move to 5005 and 5030.
NEXT: When support level became resistance - magic of charts
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
No comments:
Post a Comment