Sell on rise will hold true if Nifty stays below 9648 levels on closing basis...
NIfty is at 61.8% Fibonacci retracement level of the fall from 9710 levels to 9448.
& 9648 represents 76.4% retracement level
We look to sell Nifty if it is to get resistance in this zone of 9610-9648
Take care and safe trading...!!!
Gold (26.09.2016) is trapped in triangle range for more than 12 weeks now. However the movement could be considered as consolidation after a big run from $1040 mark. Gold again approaching to the upper descending trend line & this could be the final final move. A break above $1348-1350 area will open door for $1375 mark initially.
Tip : Buy above $1350 mark for...