Nifty is bouncing from between the Potential reversal zone level 0.5 and 0.618. Profit booking can be seen in the market. But still the sentiment is super berish.
I am expecting nifty to trade in the range 17300 to 16800 , since the range is big we might see wild moves coming , best trades for today session is short from 17250-17300
Resistance 17300
fib 0,5 - 17200( intrday resistance)
Intrday support -16900
major support -16800
if the support breaks , we will see some more fall till 16600
I am expecting nifty to trade in the range 17300 to 16800 , since the range is big we might see wild moves coming , best trades for today session is short from 17250-17300
Resistance 17300
fib 0,5 - 17200( intrday resistance)
Intrday support -16900
major support -16800
if the support breaks , we will see some more fall till 16600