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In the last updatation for the nifty, I have written with the channel that “I am not bullish below 8130”. Same day nifty was crossed this level and fired up to 9038. Today morning I have created NIFTY and HINDUNILVR.

The mainly four Fib. Retracement are applied in different years.

• confluence zone at 9647.
• 38.2 retracement level is at 9395
• previous resistance and 61.8% retracement level at 9067.

Question is how to understand and use these levels?

Answer; There is always pullback whether there is a stock or market. If there is normal good new, then pullback easy can be 38.2% retracement . Though the confluence zone is the memory of investors, here is 9647 attract to investors. Above all given levels are actionable for traders and investors. I would like to add GAP theory on with retracement in another chart .

Control price attraction is the easy target 2083 nearby for short-sellers.

Best short-selling points

• Frist @2221
• Second @2255

Thanks all who are supporting my post.

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