Nifty touched 61.8 % of fall from 6343 to 5972 @ 6202 and closed little up of this level.Got resisted @ CAM l3 yesterday. But traded in very narrow range. Presently 6200 PE and 6300 CE shows larger SUPPORT and RESISTANCE levels. 80 of fall from 6343 to 5972 is @ 6269 which may prove strong resistance.Will it get stretched up to this level or ...let's see.
4 comments:
Nifty spot trading below PIVOT but NF trading above PIVOT 6199...so mixed cues...stil short NF @ 6215 with SL of ORB..6222..if sl hits then will review again
Actually its ORB down at present ...so short position have stronger grounds now...let's see
6157 is 23 % retracement of rise from 5972 to 6212
80 % retracement of fall from 6212 to 6176 is 6194...
Actually NF pivot was 6218..some wrong calculations were there
broker terminal having some problem where it shows some levels
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