Nifty fib golden ratio at 17327

nifty given sharp sell off from 16900 to 16555 and than again sharp bounce towards 16900++

Sharp recovery shows that still some steam left for wave "(d)"

golden fib ratio 61.8% @ 17327 ..

now two magnetic levels 16650 and 16900 on down side

huge gap up and gap down happening now a days... stay little cautious..
dont get trap at higher levels... wait patiently,...

breaking of Previous day low and closing below previous day low will hint towards completion of wave "d"