Nifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00
For 18-04-24 Retail will panic in bottom and start selling.
After that a pullback/relief rally will start which may go upto 22300-22350.
Exit all long positions near 22350. Create shorts near 22350 with sl 22530 tgt very likely to break current low (Which will be made in 1-2 days).
Stay In Light Position or In Cash .
Gap Down Opening :
If high of First Hour is not broken then put stoploss there for all short positions.
If Low of First Hour is not broken then put stoploss there for all Long positions.
For New position :
for Upside : Buy Nifty above 22179 Stoploss 22117 it may touch
22199---22230---22281---22363---22414---22496
for Downside : Sell Nifty below 22117 Stoploss 22179 it may touch
22097---22066---22015---21933---21882---21800
Closing below 22000 more than 2-3 days, This uptrend will become much weaker for All LONG Positions For Midterm Trend.
Stoploss 21710 for All LONG Positions For Long term Trend
All above levels are of Nifty Spot.
Put Stoploss on closing basis.
(In Trading Time it may go above/below stoploss But closing price is most important).
These are levels are generated on the basis on Fibonacci Series
NOTE : I am not SEBI registered advisor in capital market.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thank you.
For 18-04-24 Retail will panic in bottom and start selling.
After that a pullback/relief rally will start which may go upto 22300-22350.
Exit all long positions near 22350. Create shorts near 22350 with sl 22530 tgt very likely to break current low (Which will be made in 1-2 days).
Stay In Light Position or In Cash .
Gap Down Opening :
If high of First Hour is not broken then put stoploss there for all short positions.
If Low of First Hour is not broken then put stoploss there for all Long positions.
For New position :
for Upside : Buy Nifty above 22179 Stoploss 22117 it may touch
22199---22230---22281---22363---22414---22496
for Downside : Sell Nifty below 22117 Stoploss 22179 it may touch
22097---22066---22015---21933---21882---21800
Closing below 22000 more than 2-3 days, This uptrend will become much weaker for All LONG Positions For Midterm Trend.
Stoploss 21710 for All LONG Positions For Long term Trend
All above levels are of Nifty Spot.
Put Stoploss on closing basis.
(In Trading Time it may go above/below stoploss But closing price is most important).
These are levels are generated on the basis on Fibonacci Series
NOTE : I am not SEBI registered advisor in capital market.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thank you.