NIFTY Futures Daily Chart.
NIFTY is trading below 20MA and is testing Fibonacci retracement levels. Daily close below 38.20 level (9733.15) will take down NIFTY to test the nearest Demand Zone of 9584.90-9451.50 level and from there it could bounce back. If Daily close above 61.80 level (9907.15) it will raise and retest Supply Zone of 10117-10010 level. To have a bull run Daily close above 10188 with increase in Volume is required.
NIFTY is trading below 20MA and is testing Fibonacci retracement levels. Daily close below 38.20 level (9733.15) will take down NIFTY to test the nearest Demand Zone of 9584.90-9451.50 level and from there it could bounce back. If Daily close above 61.80 level (9907.15) it will raise and retest Supply Zone of 10117-10010 level. To have a bull run Daily close above 10188 with increase in Volume is required.
