November 1, 2010

Nifty Futures Fibonacci levels

  • 61.8% Fib level for nifty futures is at 6178.
  • In the one hour chart posted the resistance was shown at 6175.
  • So any up moves are possible only if the index breaks out above 6175 - 6180 region.
  • 50% Fib level is at 6137 Break below this level will be negative for intraday.

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