Free Stock market / Nifty intraday tips

NSE Nifty & HINDUNILVR, Trade Setup

In the last updatation for the nifty, I have written with the channel that “I am not bullish below 8130”. Same day nifty was crossed this level and fired up to 9038. This morning I have created NIFTY and HINDUNILVR.

The mainly four Fib. Retracement are applied in different years.

  • Confluence zone at 9647.
  • 38.2 retracement level is at 9395
  • previous resistance and 61.8% retracement level at 9067.

The question is how to understand and use these levels?

Answer; There is always pullback whether there is a stock or market. If there is normal good new, then pullback easy can be 38.2% retracement. Though the confluence zone is the memory of investors, here is 9647 attract to investors. Above all given levels are actionable for traders and investors. I would like to add GAP theory on with retracement in another chart.

Control price attraction is the easy target 2083 nearby for short-sellers.

Best short-selling points

  • First @2221
  • Second @2255

Thanks all who are supporting my post.

CLOSE VIEW:

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