Nifty : Levels to watch

2024年4月26日

Nifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00

For 26-04-24

Book Profit If you have ANY in holding.

Head & Shoulder Pattern will emerge. It gives bearish signal to change the Uptrend into downtrend after some futile effort to close above previous high.

22780 will be stoploss for All Short position. Above 22780 it will go very high.

Now “Sell on Rise” will play for next few months.

Stay In Light Position or In Cash .

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 22609 Stoploss 22531 it may touch
22633---22672---22735---22837---22900---23001

for Downside :
Sell Nifty below 22531 Stoploss 22609 it may touch
22507---22468---22405---22303---22240---22139

Stoploss 22300 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.
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