nifty immediate resistance 16710--16720
being golden ratio and planetary level
and support near 16500
planetary levels are able to give century move
its jumping/dumping levels 16710--16720
being golden ratio and planetary level
and support near 16500
planetary levels are able to give century move
its jumping/dumping levels 16710--16720
Commento:
nifty touched the planetary level zone 16710-720 and
slipped to 16630
slipped to 16630
Commento:
planetary level has history of century move....
today also nifty slipped from 16712 to 16617 till now (almost century)
today also nifty slipped from 16712 to 16617 till now (almost century)
Commento:
retailers went super bullish in 16620-16720 zone and this given opportunity to big players fii and pro to create panic.... expecting dip below 16620
weakness possible