Update:2:28 pm:
236*.786=185
4786+185=4971.. days high as of now.
236*.618=145
4786+145=4931.. yday high 4925.
236*.5=118
4786+118=4904.. todays low 4900
236*382=90
4786+90=4876
236*.236=55
4786+55=4841
4786+145=4931.. yday high 4925.
236*.5=118
4786+118=4904.. todays low 4900
236*382=90
4786+90=4876
236*.236=55
4786+55=4841
4876 & 4841 is the last two supports for nifty for this upmove.
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Supports: 4875-4840. Below that 4780 can be challenged again and continuation of a larger downtrend can target 4600-4550-4400.
Resistances: 4927 and 4957/65 as shown on the chart. Above that 5020/25 possible and a key level to this upmove. Further breakout can very well bring 5110-5160/65 as discussed earlier.
Go deep into the previous post, it will be fun !!
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