Free Stock market / Nifty intraday tips

Support and Reversal point for NIFTY 11200 nearby

For PAID SUBCRIBERS: We have enjoyed yesterday PCJWELLR bought. and Reliance positonal call target achieved

  • The 200 MA at 11130.
  • A “Consequence zone” of all 3 fib. retracement at 11502 nearby.
  • From the Fib. Retracement(i) and (ii), we detected 3rd Fib. Retracemet at 11200. (This is expected bottom OR revesal level).

Point 1) Look at Fib. Retracement (ii) at start point which is exact at 61.8% of Fib. Retracement.

Point 2) Now, loot at the Fib. Retracement ( iii ) closely from start point to 32.8% “the first leg” and pull back was toward the exact 61.8%.

Drawing of Fib. Retracement is important, therefore Point 1) and 2) is proof of true drawing.

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Moneymunch's editors' staff. They have been writing/working on the financial markets for over two decades, having previously worked with popular financial blogs and newspapers.

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