*SOME INTERESTING FACT CHECK ON NIFTY50*
2020 IS A LEAP YEAR, WHAT HAPPENED IN PREVIOUS LEAP YEARS
*2008:* Market makes a bottom around 2216, FIB Retracment level 0.786
*2012:* Market makes a bottom around 4481, FIB RETRACMENT level 0.38
*2016:* Market makes a bottom around 6789, FIB Retracment level 0.5 (PHY)
Market made bottom every Leap Year in last decade.
Now we are in 2020 it's a leap year.
Will we see bottom this year?
Were can we find Market bottom?
*2020:* Market moving down on various reasons. Currently around 9.7K - 9.8K at psychological Retracment level of 0.5.
NOW,
~ For FIB Retracment till 0.618 it would be around 9k.
~ If market this time follows 2008 sentiment, then we can see 8K- 8.5K around i.e 0.786 FIB Retracment, market retraced till this level in 2008.
2020 IS A LEAP YEAR, WHAT HAPPENED IN PREVIOUS LEAP YEARS
*2008:* Market makes a bottom around 2216, FIB Retracment level 0.786
*2012:* Market makes a bottom around 4481, FIB RETRACMENT level 0.38
*2016:* Market makes a bottom around 6789, FIB Retracment level 0.5 (PHY)
Market made bottom every Leap Year in last decade.
Now we are in 2020 it's a leap year.
Will we see bottom this year?
Were can we find Market bottom?
*2020:* Market moving down on various reasons. Currently around 9.7K - 9.8K at psychological Retracment level of 0.5.
NOW,
~ For FIB Retracment till 0.618 it would be around 9k.
~ If market this time follows 2008 sentiment, then we can see 8K- 8.5K around i.e 0.786 FIB Retracment, market retraced till this level in 2008.
