Description
⋅ CMP- 14341
Using Gann Fan and Fib on Heiken ashi candles we can observe the following
- nifty is currently taking support at -0.38 level from the all time high with respect to feb 2020 fall levels. is 14300.
- this month expiry cannot be above 14700 levels to say the least, so safe selling zone exists here.
- any fall below 14300 levels can bring us down to 13900 levels in the first place, which i foresee in next month expiry.
- given the current deterioration of the economy, falling down to 13550 levels in next expiry cannot be ruled out.
conclusion
Sell on rise would be my primary strategy for next 30 days
NSE:NIFTY