Nifty-EOD Chart(28-Nov-2011):-
Conclusions
Correcttion started on 28-10-2011 from 5400 and Pull Back Rally begun after its completion on 24-11-2011 at 4640. Fibonacci Retracement Levels of on going up moves are as follows:-
13.0%- 4738
23.6%- 4819
27.0%- 4845
38.2%- 4930
50.0%- 5020
61.8%- 5109
70.7%- 5177
76.4%- 5220
78.6%- 5237
88.6%- 5313
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Correcttion started on 28-10-2011 from 5400 and Pull Back Rally begun after its completion on 24-11-2011 at 4640. Fibonacci Retracement Levels of on going up moves are as follows:-
13.0%- 4738
23.6%- 4819
27.0%- 4845
38.2%- 4930
50.0%- 5020
61.8%- 5109
70.7%- 5177
76.4%- 5220
78.6%- 5237
88.6%- 5313