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Intraday trade: Buy Nifty Future May Series, Fibonacci Support Zone

By Bhaveek Patel Leave a Comment

Nifty future has just breached the 4955 level, this level is very special because on daily chart its 61.8% level for 20-12-2011 low to 31-2-2012 high. Also 23.6% retracement of 7-11-2010 high to 20-12-2011 low is at 4955 level, so two Fibonacci retracement levels of different period are coinciding on same level, so I am expecting some bounce around 4955 level with a target of 4985 and then 5000 ... [Continue Reading]

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