In Feb-March 2014 Nifty And Bank Nifty touched their life time highs after they reached the levels of 6300(Nifty) and 11700(Bank Nifty)

Since then there were corrections of 500 points or little more but no significant correction of more than 10%.

From Mid of March 2015 till now we have corrected about 11.6%.

When we use Fibonacci Retracements on Nifty And Bank Nifty From when they began this huge rally and touched life time highs in Feb-March 2014 we came across this result

This Means From 2014 we have retraced about 38.2% and reached the levels of 8057 and 17370.

Which means if the correction doesn't end here(Around 8000 and 17300 levels) then Index can retrace 50% which will bring it Nifty to 7709(15% Down from the highs) and Bank Nifty To 16303(20% Down from the highs).


This correction is really a good opportunity to invest in good fundamental stocks, because now they are very low prices.

For List Of Good Fundamental Stock Click Here



For Target For 10-June-2015  Please Check The Previous Post Or Click