- Nifty Fibonacci chart shows price crossing 50% level. If week closes above this level we may see nifty moving towards the Golden ratio at 5894. Having said that one has to take a look at the second chart. Nifty during the fall shown on the second chart has made a consolidation during the middle of the fall. But the bulls are yet to consolidate they are doing a faster retrace of the fall. But i am expecting a consolidation to happen soon.
hi san gm....if nifty were to correct from 5900 odd lvls...assuming the present wave to be the third...how far can it correct for the fourth...kindly clarify..
ReplyDeletejohnson