Nifty Spot Fib Retracement Chart.

For the Fall from 5944.45 to 5401.25, the Fibonacci Retracement are as below
23.6% -> 5530
38.2% -> 5609
50.0% -> 5672.


Nifty spot has to break out 23.6% at 5530 to move up to 5609. After falling below 50% Fib 5672,  Nifty only once went near 38.2% Fib 5609, when Stoch(35,3) was in bearish mode. Now Stoch(35,3) in crossover from below, there is a possibility to move past 5530 and 5672.


Failing to breakout of 23.6% 5530, Nifty have all the chance to revisit 5420, and continue below.