BANKNIFTY: Fib Retracement Key Levels
Diupdate
Banknifty sitting on 50% Fib Retracement. Once it crosses the level, chances to touch 61% level in a few days, if momentum persists. Depending upon risk appetite can be configured to a strategy for next weekly expiry or the one after that.
Catatan
UPDATE: Target 61.8% level sits at 35000 levels, SL: can be set at 33500. Please note that this is not a strategy. This is an observation/analysis. The reference to expiry is for my personal preference of working with options to capture the movement. Your strategy may differ.Kindly consider this as analysis and not advice.
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