Long

Nifty 50

Updated

Nifty Daily Chart.
Nifty retraced from its high around 9.5% & took support at Fib ration of 0.382% .
If this is just a pull back after almost 10% correction then nifty will find difficulty to close above 17550 levels + a Fib ratio of 0.236% which are in confluence along with trend line resistance which is shown in hourly chart.
How Nifty will react at 17500-550 levels will have to wait and watch.
closing above 17550 levels , nifty will find resistance at 17680/17900/18200.
if these levels are cleared we might see a Double Top or new high of 19000 levels.
#Nifty Should Sustain 17200/16970 on small retracement.

Note

Upside 17475 trgt is been done. i am still expecting today nifty to test 17500-17553 levels.

V_TECH

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