at the moment nifty seems like following the downward sloping channel, but if weakness persists and the channel as well as the fibo lvl 2630 also breaks without giving a bounce, then next lvl to watch is 2546.
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Tuesday, November 18, 2008
nifty chart...
Posted by
abhay r somkuwar
at
7:13 PM
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2 comments:
ab sir what is significance of 2546,i mean 2630 is 62% of up move from 2252-3237,so what is 2546.
Regards
meet, it is the estimated length of this downmove from 3160 according to fibo ratio in ew.
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