NIFTY 50 INDEX MAGICAL LEVELS FOR 27-09-23

The plotted levels on the chart should be considered only when NIFTY opens flat on 27-09-2023.

If NIFTY opens GAP-UP (Open > Previous High) or GAP-DOWN (Open < Previous Low) on 27-09-2023 then the following calculations must be considered:

Level 1 = OPEN PRICE (25-SEP) -32.30
Level 2 = OPEN PRICE (25-SEP) - 79.50
Level 3 = OPEN PRICE (25-SEP) - 30.50
Level 4 = OPEN PRICE (25-SEP) + 32.30
Level 5 = OPEN PRICE (25-SEP) + 79.50
Level 6 = OPEN PRICE (25-SEP) + 30.50

High Probable Reversal Levels: The levels plotted with Yellow, White, and Purple colours.

DISCLAIMER: This idea is only for educational purpose.

Comment:

As NIFTY opened GAP-DOWN, the levels plotted on the attached chart need to be updated. The revised levels should be calculated with OPEN Price:

Level 1 = 19604.80
Level 2 = 19557.65
Level 3 = 19606.60
Level 4 = 19669.30
Level 5 = 19716.45
Level 6 = 19667.50