Nifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00
For 20-03-24
Stop loss for holding shorts is 22125 (on closing basis)
New Development :
Bearish Flag has Breakdown Below 21900 tgt – 21300 sl- 22000
22125 as stoploss for already short position.
For New position :
for Upside : Buy Nifty above 21853 Stoploss 21781 it may touch
21875---21912--21970---22065---22123---22218
for Downside : Sell Nifty below 21781 Stoploss 21853 it may touch
21759---21722---21664---21569---21511---21416
22125 has become a resistance.
Closing below 21850 more than 2-3 days, This uptrend will become muck weaker for All LONG Positions For Mid term Trend.
Stoploss 21500 for All LONG Positions For Long term Trend
A clear Bearish trend has started. Sell on rise will be the strategy for coming days.
All above levels are of Nifty Spot.
Put Stoploss will 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 20-03-24
Stop loss for holding shorts is 22125 (on closing basis)
New Development :
Bearish Flag has Breakdown Below 21900 tgt – 21300 sl- 22000
22125 as stoploss for already short position.
For New position :
for Upside : Buy Nifty above 21853 Stoploss 21781 it may touch
21875---21912--21970---22065---22123---22218
for Downside : Sell Nifty below 21781 Stoploss 21853 it may touch
21759---21722---21664---21569---21511---21416
22125 has become a resistance.
Closing below 21850 more than 2-3 days, This uptrend will become muck weaker for All LONG Positions For Mid term Trend.
Stoploss 21500 for All LONG Positions For Long term Trend
A clear Bearish trend has started. Sell on rise will be the strategy for coming days.
All above levels are of Nifty Spot.
Put Stoploss will 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.