NIFTY :As per the Fib low/high levels in Sep,2025 the critical levels are
SEP-2025 :Low level :24400 Peak :25440
FIBONACCI : 61.8% Support levels :25050
50% Support level falls at around 24950-975 which should act as one of the major support
Next major 38% Fib retracement support lies at 24800
My approach would be
i) Sell on rise till it breaches 25228
ii)Sell below 25025 on 15 min basis for 24950 levels target .would get into aggressive buy only when NIFTY holds above 25228-250 on a closing basis (for educational purpose only)
SEP-2025 :Low level :24400 Peak :25440
FIBONACCI : 61.8% Support levels :25050
50% Support level falls at around 24950-975 which should act as one of the major support
Next major 38% Fib retracement support lies at 24800
My approach would be
i) Sell on rise till it breaches 25228
ii)Sell below 25025 on 15 min basis for 24950 levels target .would get into aggressive buy only when NIFTY holds above 25228-250 on a closing basis (for educational purpose only)
Trade active
as projected NIFTY fell below 25025 to test 24950 and below levels,weakness in NIFTY persists,if 24800 does not hold seems more fall is on the cards.24800 is also its 100DEMA and holding the same on closing basis is critical.25025 its 20DEMA has become the immediate resistance levels and expect the sentiment to change only when NIFTY gives a close above this levels
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.