Nifty view

Since the rise from 9455 to 10137 levels Fibonacci levels have played a vital role is identifying key support & resistance levels...

Levels------------------------------------ Fib retracement-------------------------- Fib Level

- closing low at 9710----------------- 61.8% of 9448-10137 -----------------------9711

- high of 9947 --------------------------61.8% of 10137-9685 ----------------------9965

-low of 9740 ---------------------------76.40% of 9685-9947 -----------------------9747


Nifty is at imp Fib zone around 9867-9898 zone...

We are also seeing range contraction and triangle formation....

Whether Nifty upside gets capped @ Fib levels or we get a triangle breakout... It will be interesting to see Nifty price behavior tomorrow.

Take care & safe trading...!11