Nifty50 Ka Bottom Konse Level Pe Aayega ? - Nifty analysis on 13th May 2019

In this Blog we will discuss about Nifty ka Bottom konse Level Pe aayega . 

Before starting analysis see below Daily chart of nifty Spot.

Nifty50 Fibonacci Daily Chart
Nifty50 Fibonacci Daily Chart
From 5th March 2019 10864 is level from Nifty has started Upwards Journey till 18th April  11856.
Around 1000 Points during this Upward movement.

Now it is in downwards journey . 
Fibonacci 61.8 Retracement at 11231 if close below 11231 then 
100 % Retracement  comes at 10864.

One Psychological Level 11068 comes in between from it had made Doji Candle is also important.

So Following Level is important where Nifty50 can make Bottom:

1. 61.8 % Retracement at 11231

2. Psychological Level 11068

3. 100% Retracement at 10864

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