21096 : Nifty50 likely to face some resistance
The Nifty index confronts a pivotal resistance at 21,096, a critical 1.618 Fibonacci threshold. This Fibonacci level holds substantial importance, often halting or redirecting price movements. The 1.618 Fibonacci extension, derived from the Fibonacci sequence, signifies a powerful point of resistance or support in market trends. For the Nifty, breaching 21,096 implies a significant […]