Nifty Retrenchment point

NSE:NIFTY   Nifty 50 Index
As per Fibonacci retrenchment nifty will reach 11250, and there is channel bottom (11300) of previous trend line extension. And rising wedge top also 11300.
Fibonacci time zone showing few days remaining to reverse the trend. (Time zone 5 ending 13th august Thursday).

So wait for some satisfactory level to short the nifty . you have some days in your hand.


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