major indices of world market peaked out . made new highs simutaneously losing momentum indicating major correction in all markets,
bearish support at 19900
bearish on monthly chart support at 19900
fib. analysis and support levels analysis suggest price movement to 8900 level.
long above closing of 622. t1 630 t2 655
indusind bank is taking support at 3/1 level of gann fan as well as fib. .5 level. buy above 1081 - 1082( risky) above 1197 target - 1120.. keep a watch over fib. level and gann fan
presently in consolidation phase but ready for up movement . good support at 458. can go long above 476 - 480 target -- 500 ---520 sl--- 457 short only below 450 for he target of 376 for education purpose only.
If nifty breaks today's low....8514, it will get support at fib. --( .236) level of 8456.64. or next support at trendline support S1- 8430 ; S2- 8300. if crosses today's high of 8549 , may gets resistance at 8672.
price cloed below .236 FB level. 20-50 ema crossover .