Hi
As of now Nifty has a big hurdle at 11935 and the next hurdle placed at 11987 and above that 12075 as per FIBO.
And Support is around 11710.
MACD is hinting towards a imminent correction, so we can see a dip coming this week towards 11710.
If 11700 holds this week we can see 12100 /new highs in coming weeks.
As of now, we need to be cautious at the said level of 11935/11987/12075 and wait for nifty to cool down after recent up-moves.
As of now Nifty has a big hurdle at 11935 and the next hurdle placed at 11987 and above that 12075 as per FIBO.
And Support is around 11710.
MACD is hinting towards a imminent correction, so we can see a dip coming this week towards 11710.
If 11700 holds this week we can see 12100 /new highs in coming weeks.
As of now, we need to be cautious at the said level of 11935/11987/12075 and wait for nifty to cool down after recent up-moves.
Comment:
Made high of 11988.9, seems hit the resistance level and now starts the Correction to the levels of 11710 approx.