Nifty analysis for 8th July
NSE:NIFTY Nifty 50 Index
The real test now starts for Nifty . It has escaped 0.5 retracement by a huge gap up opening and now it has to face 0.618 retracement . If Nifty becomes lucky for the second consecutive time then 16250-16350 will be the key test. So do long very carefully.