Nifty Fibonacci level target.
Blown up version of Fibonacci level chart.
Both the chart indicates Nifty has strong resistance around 5650 level.
Also Nifty to rally from current level, contribution form Reliance & metal stocks is needed.
Reliance has already started the move. Before expiry, Reliance might fire t rapping the short sellers.
Tech Mahindra looks interestingly poised for an upmove.
Reliance Media has surged on a good volume. Rally in this stock can be swift & an touch 260.
Stop loss in all the trade is compulsory & that is not be said over & again.
Nothing in this post should be considered as investment advice.
Please go through the disclaimer mentioned elsewhere on the blog.
Disclosure : I am holding the positions in above mentioned stock.
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