Nifty - Time to slow down & watch

Nifty Fibb target of 61.8% is around 4780 & from here on there are chances of correction. To support this view i have posted daily chart of Nifty where there is a clear negative divergence with MACD.

Week starting from 17th August can be decider. Lets Watch. :-)

Nifty - Fibbonnaci Fan lines support

Nifty has Fan line support. Lets see whether this support holds on monday. :-)

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Nifty - Fibonacci Support & Resistance

Nifty - Fibonacci ratios indicates a target of around 4763 (61.8% of total correction).

Will it be achieved straight off or 50% & 38.2% support line will be tested first.

Carring positions with perfect & strict stop loss is must.

Enjoy. :-)

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