Nifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00
For 01-03-24 : “GO SHORT” with Stoploss of 22160 (ON CLOSING BASIS)
Lower High-Lower Low formation will start before Any Breakdown
for Upside : if Nifty Crosses above 22011 it may touch
22028---22057--22103---22179---22225---22300
for Downside : if Nifty Crosses below 21953 it may touch
21936---21907---21861---21785---21739---21664
A clear trend is very likely to begin.
Analysis : “GO SHORT”
a) A Final breakdown/Close below 21870-21850 will lead a clear downtrend up to 21000. For filling the Gaps of previous Rally between Nov.23-Dec.-23.
b) This preposition will be failed if it closes above 22160.
All above levels are of Nifty Spot.
Put Stoploss will on closing basis.
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.
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 01-03-24 : “GO SHORT” with Stoploss of 22160 (ON CLOSING BASIS)
Lower High-Lower Low formation will start before Any Breakdown
for Upside : if Nifty Crosses above 22011 it may touch
22028---22057--22103---22179---22225---22300
for Downside : if Nifty Crosses below 21953 it may touch
21936---21907---21861---21785---21739---21664
A clear trend is very likely to begin.
Analysis : “GO SHORT”
a) A Final breakdown/Close below 21870-21850 will lead a clear downtrend up to 21000. For filling the Gaps of previous Rally between Nov.23-Dec.-23.
b) This preposition will be failed if it closes above 22160.
All above levels are of Nifty Spot.
Put Stoploss will on closing basis.
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.
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.