Fibonacci retracement level

Tech View: Dark cloud pattern seen on Nifty charts. What traders should do on Thursday expiry

by
Tech View: Dark cloud pattern seen on Nifty charts. What traders should do on Thursday expiry

Nifty on Wednesday ended 183 points lower near the 22,700 level as the index formed a dark cloud cover candlestick pattern on the daily chart. Support for Nifty is now seen at 22,675-700 and 22,500 levels. On the higher side, the immediate resistance zone is at 22,825-850 levels and the next psychological resistance is at … Read more

2 top stock recommendations from Aditya Agarwala

by
2 top stock recommendations from Aditya Agarwala

“Clearly markets are in a range and the recent correction actually halted at 61.8% Fibonacci retracement level. So I would not read too much into the recent correction, in fact on the flip side it was a good opportunity to initiate long positions on index,” says Aditya Agarwala, Invest4edu. We are trading in that 18,400 … Read more