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A strong recovery can be seen tmrw despite the gap down opening

Nifty 50 Index (NSE:NIFTY)  
Wealthcam  
NSE:NIFTY   Nifty 50 Index
Multiple Time Frame Analysis Fibonacci Supply and Demand
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mtfa fibonacci supplyanddemand
As we can see NIFTY had been in consolidation theoughout the day and closed on a negative note despite of strong opening, followimg the global cues we can expect NIFTY to open weak tomorrow but that gap down opening could show opening around important support levels which are mentioned in the chart which are 16600-16800 range and this range is also a 50 percent retracement to the rally as fibonacci hence we can expect a strong recovery despite the gap down opening and one can go long around these levels if any strong rejection or reversal candle is seen so keep watching everyone
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