6 8 Magnitude

8,243 on Nifty, which is 61.8 per cent retracement of the fall from high of 9,119 hit in March 2015 to low of 6,825 hit in February 2016, is an important level for markets, says Anil Manghnani of Modern Shares and Stock Brokers. The magnitude of rally from lows of 6,825 tells that market was highly oversold, but for a proper rally to continue, the...

8,243 on Nifty, which is 61.8 per cent retracement of the fall from high of 9,119 hit in March 2015 to low of 6,825 hit in February 2016, is an important level for markets, says Anil Manghnani of Modern Shares and Stock Brokers. The magnitude of rally from lows of 6,825 tells that market was highly oversold, but for a proper rally to continue, the...