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.
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 !!
