Nifty at imp Fibonacci retracement level

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Nifty

Nifty is at important Fibonacci retracement level and it may act as resistance....

Just be careful....

Take care & safe trading...!!!
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We went cautious on Nifty 61.8% Fib retracement level
Nifty stopped 60 points above right at 76.4% Fibonacci retracement

Currently is at 10218 levels and is at support levels...

Support of 50 day EMA and also trendline support

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For time being.... Look to book profits in short positions

We wait and review again how it closes tomorrow i.e on a weekly basis...

Take care & happy trading...!!!
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