biniyoger_swaralipi

predictive analysis of Nifty 50 with Fibonacci Retracement

Long
NSE:NIFTY   Indice NIFTY 50
NIFTY presently at the support zone in between 17500-17350, this zone also being a Fibonacci retracement zone of 61.8% fibonacci level. Expecting some reversal move from hereon tomorrow onwards. All over trend is non-trending to Bearish, so don't expect much rally from here, reasonable Resistance zone would be 18270-18130 in dcb. Pl do your own study before open trade or consult with your financial advisor first, this analysis is only for study purpose, not a trade recommendation.
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