Nifty is unable to close above Fibonacci Level .382 = 9390 which is a very crucial level for Bulls to hold as support to move next level .618 = 10530 and Bears have to hold as 9390 as resistance.
Bulls have tried and touched around 9900 but failed to close avove 9400.
Whenever a bearish rally reverse from .382 levels then there are most probable chances to break previous lows.
All this view may change if Govt.'s economic booster package comes with a big surprise and close above 9630 with big volume.
Bulls have tried and touched around 9900 but failed to close avove 9400.
Whenever a bearish rally reverse from .382 levels then there are most probable chances to break previous lows.
All this view may change if Govt.'s economic booster package comes with a big surprise and close above 9630 with big volume.