BankNifty at 50% Fibo Level
its the markets nature to retrace. The Fibo levels of 50% is an important zone where normally the retracement ends.
In case of Bank Nifty it took support at 50% fibo level of 42600. which confirms the end of retirement.
The area below 45200 is very choppy. once 45200 breaks we can expect a movement to ATH
NOTE: all the levels and analysis is only for educational purpose
In case of Bank Nifty it took support at 50% fibo level of 42600. which confirms the end of retirement.
The area below 45200 is very choppy. once 45200 breaks we can expect a movement to ATH
NOTE: all the levels and analysis is only for educational purpose
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