absu21

Nifty Daily Chat is in bullish extension

Long
NSE:NIFTY   Nifty 50 Index
The daily chat is explaining the important Fibonacci extensions and the current range is 12722-13185. If it breaks the current higher range then the immediate upside is 13426 and most probably this will be the highest point in this run.

One it reaches the given highest point I am expectation these retracement points 12536/12325/12026 before sail towards 14422.
Trade closed: stop reached: Nifty has broken a very strong Fib retracement ... no return ticket .. I can see another 1000 to 2000 points move in future from here.. check my recent analysis on nifty50 trend.
Trade active: Nifty50 has given a breakout a major resistance 13426 levels now next level will be 14422 levels and immediate support will be previous resistance i.e.13426. all in closing basis.... Happy trading !!

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