Nifty didn't stretch up to 6269 and reversed from 61% ratio of last fall(6343 to 5972). Yesterday was fantastic example of PIVOT based trading as far as INTRADAY is concern, and for POSITIONAL traders FIBONICA proved best one.Now 6100 is psychologically very important point. Will it break 5972 before expiry?? PE writers @ 6000 strike price will not let it go down below 6000 before expiry at least; if goes then 5946 is to be watched.
