Nifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00
For 5-6-24
Much Awaited Profit booking / Price Correction Triggered by Election results.
Market will take Price & Time wise Correction.
Now Stay on CASH / downsize your portfolio / Position.
Nifty will move in Lower Highs (LH) --- Lower Lows (LL).
Election Result will give you Either side 1200 points rally from
Good Result 23109+1200=24300 (24392, 25185)
Not Good Result 21826-1200=20600 (20547, 19750)
Gap UP/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 22007 Stoploss 21761 it may touch
22083---22205---22404---22725---22924---23245
for Downside :
Sell Nifty below 21761 Stoploss 22007 it may touch
21685---21563---21364---21043---20844---20523
All STOPLOSS hit for every SHOT+MID+LONG term position.
Stoploss 22400 for All LONG Positions For Short term Trend
Stoploss 22060 for All LONG Positions For Mid term Trend
Stoploss 21810 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 5-6-24
Much Awaited Profit booking / Price Correction Triggered by Election results.
Market will take Price & Time wise Correction.
Now Stay on CASH / downsize your portfolio / Position.
Nifty will move in Lower Highs (LH) --- Lower Lows (LL).
Election Result will give you Either side 1200 points rally from
Good Result 23109+1200=24300 (24392, 25185)
Not Good Result 21826-1200=20600 (20547, 19750)
Gap UP/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 22007 Stoploss 21761 it may touch
22083---22205---22404---22725---22924---23245
for Downside :
Sell Nifty below 21761 Stoploss 22007 it may touch
21685---21563---21364---21043---20844---20523
All STOPLOSS hit for every SHOT+MID+LONG term position.
Stoploss 22400 for All LONG Positions For Short term Trend
Stoploss 22060 for All LONG Positions For Mid term Trend
Stoploss 21810 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.
Trade closed: target reached:
24392 reached .
1200+ points is given by range breakout.
1200+ points is given by range breakout.