NIFTY to fill the gap and hit 50% Fib level before moving down.
Short term Bullish on NIFTY.
NIFTY retrace has been short of 50% Fib. S&P500 has retraced 61.2% - A typical retrace is between 50% or above.
Expecting:
1. The retrace to complete 50% of the current fall.
2. Fill a higher gap from a previous retrace attempt.
3. Daily MACD remains positive.
NIFTY retrace has been short of 50% Fib. S&P500 has retraced 61.2% - A typical retrace is between 50% or above.
Expecting:
1. The retrace to complete 50% of the current fall.
2. Fill a higher gap from a previous retrace attempt.
3. Daily MACD remains positive.