September 28, 2010

Fibonacci Levels

CHART-II
  • NF gets support at 61.8% Fib level
CHART-I
LINE CHART
  • NF is trading near 61.8 Fibonacci levels for hour chart.
  • 6025 is an important support area for nifty.
  • IF 61.8% level holds we may see an up move from here. Should trade above 6025 for big up moves to happen.
  • Below 61.8% level NF may go down till 5970 levels.

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