Nifty in for more downside

NSE:NIFTY   Nifty 50 Index
Applied Fibonacci to alltime highs of 11760 and recent lows of 11393.85 and last week pullback high of 11603.
Support lies at above mentioned levels in chart and this correction may feel like it will take us to 11240 levels where there seems to be support emerging.
Sell Nifty Stoploss 11500 target 11240.
Trade closed: target reached: Target almost reached. Exit here if sold.


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