Nifty fails to retrace 78.6% level from 10490 to 10094. And now from 10094 to 10409 move 61.8% retracement level is 10214 very near to Today's low. So if tomorrow we break 10200 then even 10094 will not be held and we might see new swing low.
An interesting thing which i observed is
High 10490
low 10094
swing high 10409
Digits are same only the order has been changed, so new low below 10094 can be 10049(Not a technical call just a punt).
Disclosure: I am not a SEBI certified analyst so take your own decision before acting on this call. Further i do not hold any position in Nifty Futures.
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