if u consider the base at 5937, the high point is 6339. The difference is 402 points. 23.6% Fibo retracement comes at 6244, exactly where the nifty took support and bounced. probably start of new wave.... having said this, still nifty is struggling to cross 6303 level because vwap for the last 2 days is remaining almost the same indicating probably settlment level game for futures expiry going on
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hi mok
if u consider the base at 5937, the high point is 6339. The difference is 402 points. 23.6% Fibo retracement comes at 6244, exactly where the nifty took support and bounced.
probably start of new wave....
having said this, still nifty is struggling to cross 6303 level because vwap for the last 2 days is remaining almost the same indicating probably settlment level game for futures expiry
going on
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