At this juncture, nifty is expected to correct to the mentioned levels & to continue its rally towards 25,000 ~ 25,400 levels before any monthly correction can happen. The correction will be progressing through various barriers of supports(FIBONACCI & T.lines). SI - 24,162 SII - 24,010 SIII - 23,881 ~ 23,855 levels (V.imp support coincidence of .5% & mid T.line) The strategy is to take short today after testing the previous High @ 24,401 (the move might start today or 2 days later, Tentative) Trade Accordingly
Bình luận
Pro-active traders can take positions today & conservative traders may wait for the move to progress. However the probability of the correction is above 90%
Bình luận
There is a strong possibility that there is a minor correction & a final move up to test today’s high may even test 24,690 ~ 24,700 levels
Bình luận
Today can be a -ve close & tomorrow will be the final move preceeding the correction before the budget (-ve weekly close, anticipated).
Bình luận
Since the interim mid - trendline is voided, the aforementioned levels will be the final targets before weekly correction (24,644~24, 740, tomorrow)levels.
Bình luận
Testing 24, 735 can initiate the weekly correction before the budget on 23rd July'24
WDG_Dinesh_Gengarajan
Full-Time Analyst, Trader & Trainer
For learning, visit Wiz-Brains Online Trading Academy
Unlock free courses and face the markets with confidence! @ wiz.leadbrains.com
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.