Nifty 200 EMA and its 61.8% retracement from 52 week high-low is exactly place around 11570 levels. Should act as a strong supply zone. Nifty will target 10530-10580 levels this week before any substantial fall starts.
Commentaire:
Nifty achieved the target at 10553 as mentioned in the post above and exactly reversed from its 200 EMA. Will now target to test 9975 (50% FIBO Retracement) in coming days.