NIFTY FUTURE FIBONACCI RETRACEMENTS LEVEL.

 

 AS PER THIS NIFTY FUTURE CHART WE SEE MARKET TRY TO FIND SUPPORT NEAR ITS 61.8% ENTRANCEMENT LEVEL OF HIGH 6348 TO LOW 4538 (IS NEAR 5657). AND TODAY'S LOW WAS  5673.9. ALMOST TOUCH THAT LEVEL. SO IF NIFTY NOT BREAK THIS LEVEL ON CLOSING BASIS ONE CAN TAKE POSITION ON BUY SIDE WITH SAME STOP OF CLOSE BELOW 5657.

AS PER RSI INDICATOR OF NIFTY WE SEE IS IN OVER SOLD ZONE SO WE SEE BOUNCE BACK FROM THIS LEVEL ALSO.

HAVE A HAPPY PROFITABLE TRADING DAY WITH NICE TIME.