Fibonacci Retracement & EMA
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Adding in my last post, Nifty showing good indication in Daily chart.
Nifty is trying to take support over it's 100 EMA. It is a great to see both 100 EMA and 0.5 level of Fib Retracement Almost close, also according to Fib it's next resistance is 0.62 level, coincidentally 200 EMA also showing same level of resistance.
RSI- is getting very strong and also showing bullish indication.
Option Chain- Shows bullish trend will continue in today's session.
Global cues are also bullish - Dow closes in green in last trading session. Crude is also recovering. Asian markets are also giving good indication.
Job gaining was a surprise in The US. Overall sentiments are positive for at least near term.
Keep your watch on above mention level.
please share your thoughts.
Thanks.
Adding in my last post, Nifty showing good indication in Daily chart.
Nifty is trying to take support over it's 100 EMA. It is a great to see both 100 EMA and 0.5 level of Fib Retracement Almost close, also according to Fib it's next resistance is 0.62 level, coincidentally 200 EMA also showing same level of resistance.
RSI- is getting very strong and also showing bullish indication.
Option Chain- Shows bullish trend will continue in today's session.
Global cues are also bullish - Dow closes in green in last trading session. Crude is also recovering. Asian markets are also giving good indication.
Job gaining was a surprise in The US. Overall sentiments are positive for at least near term.
Keep your watch on above mention level.
please share your thoughts.
Thanks.
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