Nifty 50 hits a double top around 22523.75 levels seen on chart. First hit was at 9:00 am on 01 April 2024 a April fool day. then second hit was at 12 pm on 03 April 2024 level was 22521.10. This was a lower top on earlier top at 22529.95 so it was a clear short with 10 points stop loss on high of 01 April 2024. Not forgetting the high of 28 march 2024 at 22516 making it a triple top.
Yesterday we saw a rise of nearly 175 points and we retraced 56.25% of the rise in afternoon. Gann 50% rule was at work again....can't forget it ....my money spinner for last 10 years....
For today's expiry we have important level at 22440.50 as trend decider... Use it as your trading bias.... Use a +/- range of 33 points on either sides for breakouts or fake-outs as and when they happen..
Happy Trading !!!
Yesterday we saw a rise of nearly 175 points and we retraced 56.25% of the rise in afternoon. Gann 50% rule was at work again....can't forget it ....my money spinner for last 10 years....
For today's expiry we have important level at 22440.50 as trend decider... Use it as your trading bias.... Use a +/- range of 33 points on either sides for breakouts or fake-outs as and when they happen..
Happy Trading !!!