NIFTY FUTURES HOUR CHART WITH FIB LEVELS
NIFTY FUTURES WITH 50 HOUR MOVING AVERAGE
- Nifty futures hour is trading near the 38.2% Fib retrace level.
- Breakout or breakdown should take out levels like 23.6% or the way down is possible only on a break of the 50% level.
- 2nd chart shows the position of 50 hour moving average. We have seen good intraday moves happening from this moving average. One can use this by combining with important support and resistance areas.
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