October 8, 2010

Fibonacci Levels

  • Nifty futures is trading at 38.2% retrace level.
  • It has taken support at 38.2% level today. If this level breaks it will be negative and one can expect to see price near 50% level.
  • But if the support is strong at 38.2% we can expect a rally towards 23.6% and above.

1 comment: