Here I'm posting daily fibs lvls.
Today is the down day as expected due to profit taking.
Now its interesting to seen if profit taking converts into fresh short buildup.
As per Nifty no call writing is seen and net addition in open interest on 2700 and 2800 PE gives indication that these lvls are not easily broken in near future.
Interestingly Daily charts have given some support exactly on 23% fib lvls, volumes for todays candle is yet to come. Lets see how far nifty can retrace from top to bottom. Also Nifty is still on bullish trend line so break from 2950 on EOD basis can have serious bearish implications. I'll add more indicators, summary and some facts and figures later in the day.
Keep chking.....
1 comment:
Great piece of writing, I really liked the way you highlighted some really important and significant points. Thanks so much, I appreciate your work.
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