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BlissConsultants

Nifty may target its 200 EMA this week.

Long
Nifty 50 Index (NSE:NIFTY)  
BlissConsultants Updated   
NSE:NIFTY   Nifty 50 Index
Chart Patterns Technical Indicators Trend Analysis
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chartpattern indicator trendanalysis
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.
Comment:
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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