NIFTY 50 should be reversed from 8150-8000 level, Last Hope!
When Vix index is above 62 level its difficult to analyse, its purely sentimental. But I feel, we can rely on historical pivot level to asses the support.
we can see Fibonacci retrenchment level of 78.60% at 8000 level, which is 5 years back level, that same level represent historical support.
so, it critical point.
Best way to avoid further mess, SEBI should impose a ban on short selling otherwise it will keep on coming down.
we can see Fibonacci retrenchment level of 78.60% at 8000 level, which is 5 years back level, that same level represent historical support.
so, it critical point.
Best way to avoid further mess, SEBI should impose a ban on short selling otherwise it will keep on coming down.
Comment:
Today, 20/03/2020, Nifty level unable to cross 23.60% level of Fibonacci retrenchment
