Nifty : Levels to Watch

18 ก.พ. 2024

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

For 19-02-24

for Upside if Nifty Crosses above 22070 it may touch
22088---22118--22166---22244---22293---22371

for Downside if Nifty Crosses below 22010 it may touch
21992---21962---21914---21836---21787---21709

A clear trend is very likely to begin.

A Triple Top may be in formation.

Analysis

a) A Final breakdown/Close below 21500-21480 will lead a clear downtrend up to 20000-19800. For filling the Gaps of previous Rally between Nov.23-Dec.-23.

b) This preposition will be failed if it closes above 22126. Then a uptrend up to 23100-23200 will be seen

All above levels are of Nifty Spot.

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.

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