Today nifty came back into the main golden color channel... in the form of wave " f "
Today nifty done gap filling work....
"F" up wave going on and golden fib ratio resistance comes around 16384--400
nifty just closed below it...
If nifty failes to sustain above golden fib ratio tomorrow than down move will start
now Bears minimum requirement is to bring nifty below 16100....
till now nifty given move of 700 points from low 15671... without any retracement
so bulls be cautious near 16400 level ....
whereas bears need to go below 16100 to survive...
educational purpose
Today nifty done gap filling work....
"F" up wave going on and golden fib ratio resistance comes around 16384--400
nifty just closed below it...
If nifty failes to sustain above golden fib ratio tomorrow than down move will start
now Bears minimum requirement is to bring nifty below 16100....
till now nifty given move of 700 points from low 15671... without any retracement
so bulls be cautious near 16400 level ....
whereas bears need to go below 16100 to survive...
educational purpose