NIFTY: Is INTERIM Correction is OVER? Long

Nifty 50 IndexNSE

Description

⋅ May 23, 2018 8:51 PM

Reversal Zone: 10403 - 10451
Rev. Confrm Zone: 10494 - 10507
Levels mentioned here are Closing Basis or If stays above for 30 mins.

Std, Disclaimer: Education Purpose Only. Taking Trade decision Consult Fin. Advisor.

Comment

⋅ May 24, 2018 7:12 AM

NIFTY : 10482
Nearing "Rev. Confrm Zone: 10494 - 10507 "

Comment

⋅ May 24, 2018 7:44 AM

NIFTY : 10503
Entering "Rev. Confrm Zone: 10494 - 10507 "
10507 is crucial. If Stay above 30- 45 min, Prime Confirmation.

Comment

⋅ May 24, 2018 10:04 AM

NIFTY: 10513.85
Closed Above mentioned "Rev. Confrm Zone: 10494 - 10507"

Maintain Above Zone as Interim Support.

Comment

⋅ May 25, 2018 3:34 AM

Imp. Levels for Today (Spot):
10557 (strong), 10574, 10584 - 10592 (Hurdle), 10615 (Optimum, 10640 (Final)

Trade closed: target reached

⋅ May 25, 2018 8:08 AM

NIFTY: 10597 (Spot) 10607 (Fut)
Above 10584 - 10592 (Hurdle) Zone.
Future Trader Can Book Profit @ 10610 level or as wish

Comments

Manmit

⋅ May 25, 2018 3:42 AM

Excellent Analysis. Do you derive these levels using Fibonacci?

DSKF16

⋅ May 25, 2018 3:44 AM

@Manmit, Combination of Fibonacci along with Volatility & some principle derived from Statistics.

Manmit

⋅ May 27, 2018 5:46 AM

@DSKF16, Your numbers work most of the time. Hats off to you!

DSKF16

⋅ May 27, 2018 5:48 AM

@Manmit, Thanks.

theshamik

⋅ May 24, 2018 8:41 PM

Excellent work!!! how you got this figure of 10507 as its not a fib level...also what's your target for nifty on reversal? Thanks in advance

DSKF16

⋅ May 25, 2018 3:29 AM

@theshamik, Imp. Levels for Today: 10557 (strong), 10574, 10584 - 10592 (Hurdle),