Nifty Futures Intraday update

CHART-II

• NF has come down to 23.6% level. If this level holds an up move is possible. Break down of this level will be negative for the bulls and bears will start to take control again.

CHART-I

• Nifty Futures hour chart with fibonacci levels.
• NF is keep getting resisted at the 50% retrace area.
• Right now it is at 38.2% level if trades above this level an up move till 50% area is possible
• Breakdown below 38.2 can take NF to 6070 area.