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My experiment on fibonacci method

Trade In Nifty Using Fibonacci Proportion


This is one of the simplest and fantastic numeric techniques which once can follow with the help of simple calculator to make a wise trade decision in Nifty. In this technique one need to remember few simple Fibonacci ratios and investigate only the high and low price of the day.

In Fibonacci technique we often use few ratios 0.618, 0.82, 0.5, 0.786 and 0.888 after which 1.272 and 1.618. Though many know this ratio but quite few people use it efficiently. On my book on Fibonacci method I have elaborate many advanced concept of Fibonacci technique. However to make a trade decision in nifty future you need to understand the retracement technique.

Retracement technique is of 2 types:

To apply this technique in nifty future trading I have made few small modification in the retracement technique. But I have not corrupted the very basic law of the principle.

That’s it … only 4 calculations are enough to pay me the reward.