Nifty may target its 200 EMA this week.
Nifty 200 EMA and its 61.8% retracement from 52 week high-low is exactly place around 11570 levels. Should act as a strong supply zone. Nifty will target 10530-10580 levels this week before any substantial fall starts.
Note
Nifty achieved the target at 10553 as mentioned in the post above and exactly reversed from its 200 EMA. Will now target to test 9975 (50% FIBO Retracement) in coming days.
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