Markets*have*just*closed*near*to*their*61.8%*retra cement*area*of*4790/16035*which*is*a*very*important*point*as*per*the*F ibonacci*move.*Going*forward*it*would*be*very*nece ssary*to*see*if*markets*manage*to*stay*above*these *levels*to*enter*into*a*new*zone.*We*would*still*a dvice*players*to*be*very*selective*and*cautious*in *buying*stocks*at*higher*levels.*We*have*observed* that*this*rally*has*not*been*participated*by*the*m ajor*index*pivotal*stocks*and*we*need*strong*confi rmation*fom*the*leaders*that*this*rally*is*going*t o*sustain*at*higher*levels.*
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