Nifty Analysis for Oct and Nov
We are out of original up trend which started from 6826, once we close below 8550 we will be in structural down trend and we will form new down trend channel.
The Fibonacci levels are mentioned in the chart, closing below or above any Fibonacci level will open next level as target.
We have formed triangle on daily chart which is shown on the chart, on the braking of it we have target of 8214 on down side and 9110 on up side. Both levels are important Fibonacci or Structural levels.
In near Future watch the 8550 level carefully, holding or braking of this level is important from medium term trend.
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