- 61.8% key Fibonacci ratio at 11091
- R 11142
- R 11185
These three major points are very important to understand, which have played the role of resistance in the past.
94 points(11185-11091 = 94) of area are crucial for up move.
Keeping in mind both side move;
- To make up-break out, Nifty should jump OR GAP with heavy volume.
- The resistances are working properly if the price reducing faster than normal way.
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