Nifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00
For 22-5-24
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 22573 Stoploss 22485 it may touch
22600---22644---22716---22831---22902---23018
for Downside :
Sell Nifty below 22485 Stoploss 22573 it may touch
22458---22414---22342---22227---22156---22040
Stoploss 22310 for All LONG Positions For Short term Trend
Stoploss 22000 for All LONG Positions For Mid term 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
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 22-5-24
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 22573 Stoploss 22485 it may touch
22600---22644---22716---22831---22902---23018
for Downside :
Sell Nifty below 22485 Stoploss 22573 it may touch
22458---22414---22342---22227---22156---22040
Stoploss 22310 for All LONG Positions For Short term Trend
Stoploss 22000 for All LONG Positions For Mid term 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
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.