FIBONACCI RETRACEMENT STUDY CRUCIAL LEVELS OF FIBO:-61.8% (GOLDEN) :-50% (HALF-WAY POINT) ANALYSIS: 2)NIFTY MANAGED TO BOUNCE BACK FROM THE HALF-WAY POINT 1)IT WOULD HAVE BEEN GREAT IF THE BOUNCE WAS FROM THE 61.8% MARK AS THE 200-DMA IS AT THE SAME POINT. 3)WEEKLY CHART SHOWS INDEX FORMED A DRAGON-FLY DOJI. 4)BOUNCED FROM ITS 23.6% FIBO LEVELS 5)MANAGED TO BOUNCE FROM-200 DMA CONCLUSION -INDEX WILL FIND IT HARD TO BREAK ABOVE 10730 -DUE TO HEAVY CALL WRITING @10700 LEVES -IF BREAKS THEN THERE WILL BE SERIOUS SHORT COVERING WHICH WILL PROPEL THE INDEX TO TEST 10815 NIFTY WEEKLY STUDY invst.ly/7k8tb