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Nifty 50 Index

Nifty Channel

By sudeepkumar264
Updated
As apparent from Nifty "Daily" chart, Nifty is moving towards upper resistance (Yellow Line). Time to be careful.
Note
nifty still trapped inside channel.
Note
as per channel, 17100 level is very nearby.
Note
Today Nifty Touched and gave closing exactyly on 50% level line.
Note
Nifty is yet to touch bottom..which is somewhere nearby 15400.
FibonacciTrend Analysis
sudeepkumar264

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