niifty near to its reversal point

2 באוג׳ 2022

The fibonacci retracement from 18600 (oct2020) high to 15180 recent low is drawn.Nifty is hovering near 61.8% 17295 level over took today.If it is bear market rally the nifty may correct from an intermediate point between 0.78 and 0.61. any where between 17800 17300 levels. If it is not bear market rally it will overshoot even 17800 level and move towards 18600. What will happen???