NIfty can show some good momentum from here on.
One can go long after a small retest at 0.5 level of FIBO.
One can go long after a small retest at 0.5 level of FIBO.
Comment:
update 1: NIFTY has to break the 0.618 FIBo level which is around 18224 to continue its uptrend but if that level sustains then it can go down from there.
Trade closed: target reached:
no fresh entry at 18000 levels because of bearish momentum.