NIFTY 50 INDEX MAGICAL LEVELS FOR 29-09-23

Sep 28, 2023

The plotted levels on the chart should be considered only when NIFTY opens flat on 29-09-2023.

If NIFTY opens GAP-UP or GAP-DOWN on 29-09-2023 then the following calculations must be considered:

Level 1 = OPEN PRICE (29-SEP) -26.75
Level 2 = OPEN PRICE (29-SEP) - 80.00
Level 3 = OPEN PRICE (29-SEP) - 40.00
Level 4 = OPEN PRICE (29-SEP) + 26.75
Level 5 = OPEN PRICE (29-SEP) + 80.00
Level 6 = OPEN PRICE (29-SEP) + 40.00
Level 7 = (Level 1 + Level 2) / 2
Level 8 = (Level 4 + Level 5) / 2

The yellow, purple, and white coloured lines plotted on the attached chart are strong reversal levels.

DISCLAIMER: This idea is only for educational purpose.

Sep 29, 2023

Note

If 19603.55 is broken then the next important level is 19625.95 and if price sustains above this level then NIFTY will be unidirectional for rest of the day.

Sep 29, 2023

Note

19680.85 is very important level for NIFTY now. If price sustains over this level then sky is the limit for NIFTY for rest of the day.