The Nifty 50 unfold the "Contracting Triangle" which is one of three occur 80% in the price chart. One thing is important to remember is that, the wave "((e))" also sub-divide into smaller triangle.
Most common relationship for Fibonacci, the .618 but in this instance we have found the two fib. relationship .618 and .786.
Fib. relationship:
wave ((b))...
View in nifty:
Any intraday dips can be bought till 11730 for tomorrow!!!
Too many news in the market as of now, both domestic and international. So, play with appropriate stops.
CPR relation is strong in all the big time frames so let us hope it is a nice chance to grab the dips at least till the first week of next contract.
Next month opening and 2-day relation...