Bloomberg Fibonancci Analysis on NIFTY.

Trade-Technique Updated   
NSE:NIFTY   Nifty 50 Index

---> My eye always travels from right to left looking at the more recent data and scanning back when I apply FIB RETRACEMENT.

As a trader, you now want to know where the market should not go. As per this statement, 10709 is a very crucial level.

If the bottom is still not out then, Resistance and Confluence zone at 100038.

I have applied here 3 Feb Retracement to find a CONFLUENCE ZONE which always reacts for traders.
Trade active:
Confluence zone at 100038. Selling will start now.
SELL NIFTY FUT. 10055 to 10085 and stoploss 11000 abvoe... targets 9935 or 400 points downside
Trade active:
Amazing my short-selling order has been executed at 10062 mar future.
Trade active:
Hold short psotional
Short sellers enjoying nifty???

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