ranjeetsarkar64

ranjeetsarkar64

Unless and untill the nifty crosses and sustains 15650 support level....it will be range bond. However, FII has decided not to take big positions.... nifty is in the hands of domestic investors.

ranjeetsarkar64 Updated 

Fibonacci number of 38.2% is going to be the resistance for nifty up-trend, nifty may suffer a correction wave and retrace to a level of 8600. whereas if in 21st April if it crosses the level of 9350 and closes around this number it will further follow the uptrend to the Fibonacci level of 50%. however, MACD is a helpful chart to predict the reversal of the trend.