Both index was too wild in today's session. Given some good down-move after 10 a.m. but got stuck in a range after 1pm.
According to my study where Nifty closed today, it was a support zone and 38.2 level of Fibonacci too. There can be seen a Reversal from the same in tomorrow session. if continue then Shorting level and their Targets are mentioned on the chart.
If talk about up-side movement, there are a Giant Resistance zone of 65 points. It looks difficult to get broken in this week.
Please see the Chart i tried to mentioned all possible S&R areas as well as Dynamic levels too. Need to be careful on Target 1 in Down-side becoz it can be a quick reversal. if price reverse from T1 @17150 then it will go straight to T1 @17300 in upside at least.
If agree with this study, then please LIKE....
Thank You
According to my study where Nifty closed today, it was a support zone and 38.2 level of Fibonacci too. There can be seen a Reversal from the same in tomorrow session. if continue then Shorting level and their Targets are mentioned on the chart.
If talk about up-side movement, there are a Giant Resistance zone of 65 points. It looks difficult to get broken in this week.
Please see the Chart i tried to mentioned all possible S&R areas as well as Dynamic levels too. Need to be careful on Target 1 in Down-side becoz it can be a quick reversal. if price reverse from T1 @17150 then it will go straight to T1 @17300 in upside at least.
If agree with this study, then please LIKE....
Thank You