Nifty 50 exact retraced to golden ratio of Fibonacci levels that is 0.618
Now will only look for long side
And for short in intraday only
It may go range then upside depends on market situation
Can go long from here by keeping sl below the ratio
ask your financial advisor before buying
Only for educational purposes
Good morning 🌞
Have a profitable day 💰👍🏻
Pre-Market Report 12 Oct 2022
SGX NIFTY is indicating a Flat opening
👉 SGX NIFTY is trading at 16964.5 up by 0.14%
👉 US futures are in RED
👉 ASIAN Market is in RED
👉 USDINR at 82.31
In Nifty 17000 PE and 17200 CE have high Open Interest in weekly
In Bank Nifty 38500 PE and 39000 CE have high Open Interest in weekly
👉...
Hi Everyone......
Hope you are doing good :))
Here are some important levels of banknifty...
Today i'm busy so not doing trade...You can take trade on the basis of levels
Have a nice day....
16200 will act as a strong support. And 18000 a resistance. Movement towards anyside of this channel will set new trends.
Above 18000 nifty might push for newer highs.
A breakout may lead to another leg of bull run. And breakdown below the treandline may lead nifty in consolidation phase until lower levels are not broken.
14583.75 is the level. Above it is sustaining go long for a target of at least 50-60 points. safe can short puts .. Aggressive can buy ATM calls. Buy some quantity now and wait for retracement if it takes support at the level add more if not then stick with the same quantity. SL is 50 percent of the premium.
In past i was defined this support and resistance line ,and market perform in that same wave....
Now just watch market if you want to buy ! Buy after market make closing above 12050+
Or if you want to sell than you don't have more time, take action in next trading day.
My own opinion to hold and just enjoy market
Hello i am Zeel Goswami,
Here...
