Nifty : Levels To Watch

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

For 28-5-24


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 22959 Stoploss 22905 it may touch
22976---23023---23047---23118---23162---23233

for Downside :
Sell Nifty below 22905 Stoploss 22959 it may touch
22888---22861---22817---22746---22702---22631

Stoploss 22400 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.
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