Nifty respected the 9625 Fibonacci Level and made a U-turn
Falling since 3 days – showing strong momentum (Black Crow Trend confirmation)
Sell @ Current Levels, Target – 8800; Stop Loss – 9700
Buy Only above 9709, Target – 9900
Next round of Buying is expected as soon as Nifty enters the range of 8700 – 8900
Fibonacci Levels, 50 Day Moving Average Exponential (EMA) lies in that area.