DSKF16

NIFTY: Is INTERIM Correction is OVER?

Long
NSE:NIFTY   Nifty 50 Index
Reversal Zone: 10403 - 10451
Rev. Confrm Zone: 10494 - 10507
Levels mentioned here are Closing Basis or If stays above for 30 mins.

Std, Disclaimer: Education Purpose Only. Taking Trade decision Consult Fin. Advisor.
Comment: NIFTY : 10482
Nearing "Rev. Confrm Zone: 10494 - 10507 "
Comment: NIFTY : 10503
Entering "Rev. Confrm Zone: 10494 - 10507 "
10507 is crucial. If Stay above 30- 45 min, Prime Confirmation.
Comment: NIFTY: 10513.85
Closed Above mentioned "Rev. Confrm Zone: 10494 - 10507"

Maintain Above Zone as Interim Support.
Comment: Imp. Levels for Today (Spot):
10557 (strong), 10574, 10584 - 10592 (Hurdle), 10615 (Optimum, 10640 (Final)
Trade closed: target reached: NIFTY: 10597 (Spot) 10607 (Fut)
Above 10584 - 10592 (Hurdle) Zone.
Future Trader Can Book Profit @ 10610 level or as wish

Comments

Excellent Analysis. Do you derive these levels using Fibonacci?
Reply
DSKF16 Manmit
@Manmit, Combination of Fibonacci along with Volatility & some principle derived from Statistics.
Reply
Manmit DSKF16
@DSKF16, Your numbers work most of the time. Hats off to you!
Reply
DSKF16 Manmit
@Manmit, Thanks.
Reply
Excellent work!!! how you got this figure of 10507 as its not a fib level...also what's your target for nifty on reversal? Thanks in advance
Reply
DSKF16 theshamik
@theshamik, Imp. Levels for Today: 10557 (strong), 10574, 10584 - 10592 (Hurdle),
Reply
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