Nifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00
For 10-04-24 Distribution by FII n DII
Stay In Light Position or In Cash .
Stop loss for holding longs is 22350 (on closing basis)
Closing below 22530 more than 2-3 days will prove this uptrend a False Breakout.
3 failed attempts to close above 22530 will turn uptrend in downtrend, so be cautious.
For New position :
for Upside : Buy Nifty above 22662 Stoploss 22624 it may touch
22674---22694---22725---22776---22808---22859
for Downside : Sell Nifty below 22624 Stoploss 22662 it may touch
22612---22592---22561---22510---22478---22427
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
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 10-04-24 Distribution by FII n DII
Stay In Light Position or In Cash .
Stop loss for holding longs is 22350 (on closing basis)
Closing below 22530 more than 2-3 days will prove this uptrend a False Breakout.
3 failed attempts to close above 22530 will turn uptrend in downtrend, so be cautious.
For New position :
for Upside : Buy Nifty above 22662 Stoploss 22624 it may touch
22674---22694---22725---22776---22808---22859
for Downside : Sell Nifty below 22624 Stoploss 22662 it may touch
22612---22592---22561---22510---22478---22427
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
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.