Tata Steel broke the previous hurdle of 1175 based on Fibonacci. Tata Steel is now testing the levels at 1200. If broken 1200 levels, the following resistance levels are around 1240. Stock is majorly in bull run based on Super Trend, Heiken Ashi and Follow Line Indicators in 5 Min, 15 Min, 30 Min and 1 Hr charting
USDINR confirmed the downward move on 30 min chart. SuperTrend, Heiken Ashi and Follow Line Indicator signalled red.
Nifty Future closes above the Fibonacci retracement resistance level of 17628.35. The chart suggests markets to recover in the next session. If the Fibonacci level is broken again, the next support will be 17397.20
Fibonacci Retracements yielding strong resistance around 2340