December 22, 2016

NIFTY Day Week and Fib charts

  • Nifty daily is moving towards crucial support resistance zone. 
  • As discussed earlier this zone is also the neck line of a Bearish head and shoulders pattern.
  • Fib chart shows 7891 at 50% Retrace level.
  • So bulls need to stay above 7890 to 7920 zone to avoid a bigger breakdown.
  • GOLD Month charts

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