Nifty Fibonacci levels

RANGE WITHIN  A RANGE

• Small range of 5866 - 8903 within a big range of 5824 - 5913. Break of smaller one on the upside has all the chances of breaking the larger range. If 5866 NF breaks NF may drift lower to 5824 levels.

RANGE OF NIFTY

FIBONACCI LEVELS

• Nifty futures in a range of 5824 - 5913. Next big move only on a breakout from this range. Range is close to 90 points so we can expect good move when it break out.
• NF is finding support near 61.8% retrace level of yesterday's fall. If it continues to trade above this level it will be positive for the bulls. Break of 61.8% level can result in consolidation of NF within the range of 5824-5913.