Description
⋅ nifty immediate resistance 16710--16720
being golden ratio and planetary level
and support near 16500
planetary levels are able to give century move
its jumping/dumping levels 16710--16720
Comment
⋅ stay cautious after 10 am today
weakness possible
Comment
⋅ nifty touched the planetary level zone 16710-720 and
slipped to 16630
Comment
⋅ planetary level has history of century move....
today also nifty slipped from 16712 to 16617 till now (almost century)
Comment
⋅ retailers went super bullish in 16620-16720 zone and this given opportunity to big players fii and pro to create panic.... expecting dip below 16620