Bloomberg Fibonancci Analysis on NIFTY.
---> My eye always travels from right to left looking at the more recent data and scanning back when I apply FIB RETRACEMENT.
As a trader, you now want to know where the market should not go . As per this statement, 10709 is a very crucial level.
If the bottom is still not out then, Resistance and Confluence zone at 100038 .
I have applied here 3 Feb Retracement to find a CONFLUENCE ZONE which always reacts for traders.
