Nifty : Levels To WatchNifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00
For 14-6-24
This consolidation if Nifty crosses above 23500 then a big bull rally will start.
If Nifty Closes below 23000 then a mild correction will happen.
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 23544 Stoploss 23254 it may touch
23634---23779---24014---24394---24629---25009
for Downside :
Sell Nifty below 23254 Stoploss 23544 it may touch
23164---23019---22784---22404---22169---21789
Stoploss 22450 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.
