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Fibonacci Retracement

Nifty Fibonacci RetracementNifty ended the day with 1% decline after a strong rally. Today's decline wiped out and covered the last 4 days gains & candles forming a bearish engulf candlestick pattern. As per fibb retracement we can see Nifty taking support at multiple levels, which are ₹17991, ₹17770, ₹17600 and final support of fibb level 0.618 is at ₹17417. While looking at the upside, recent swing high is current resistance and 18320 is next resistance level to watch out for. Conclusively we can see sideways to bearish movement in upcoming days if index doesn't cross recent high.
NSE:NIFTY
by karan_bagri
BNF EXPIRY ANALYSIS- jAN 20TH 2020_WAIT AND WATCHMkt on the longer ( 1 day) time frame completed the retracement from 61.8% to 50%. The closing candle is a DOJI with a red body. Lower wick is suggesting support at 37840-37770 levels and resistance at 38100-38200 levels. Coming 2 days Thursday and Friday candles should help us determine the longer trend of the market. Either it will break and start going down to 38.2% (37040) or it will bounce back from 50% level and start scaling new heights.
NSE:BANKNIFTY
by sunilvedula