Nifty 50 IndexUpdated Nifty: 50% retracement leads to 1.272 & 1.618 levels
Current Nifty Scenario
Chart Daily
Range created with 0-1 level
Level 0: 18604 (19th October Top)
Level 1:16782.4 (29th November Low)
Retracement upto 0.5 level (50% retracement)
Level 0.5: 17693.45
Target 1: Level 1.272: 16286
Target 2: Level 2.618: 15656.4
Above: 16915, nifty may move in uptrend
Chart Daily
Range created with 0-1 level
Level 0: 18604 (19th October Top)
Level 1:16782.4 (29th November Low)
Retracement upto 0.5 level (50% retracement)
Level 0.5: 17693.45
Target 1: Level 1.272: 16286
Target 2: Level 2.618: 15656.4
Above: 16915, nifty may move in uptrend
Note
We close near 1 level of Fibo, good to see how things unfold further.Note
Changes did happen at the 1.618 level (16915) of fibo shown at center of the chart.
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