padiyara

Nifty reached 38.2% retracement level of total Fall

Short
NSE:NIFTY   Nifty 50 Index
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Nifty' :10424.65 current top, is the 38.2 % retracement of the total fall from 11171,Which was expecting and I have posted in my last message on 26th March. Now a strong move upwards from here will show that we are recovering from the correction. Total Fall was 1220 point and we retraced 470 points, Now a 180 point correction of this bounce shall be considered a healthy correction. You are currently in the start of that correction now. But a point below10260, we continue to be in the bearish phase.

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Thanks for update on Nifty. Caution alert was needed.
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