NIFTY 50 INDEX MAGICAL LEVELS FOR 28-09-23

27 Sep 2023

The above plotted levels on the chart should be considered only when NIFTY opens flat on 28-09-2023.

If NIFTY opens GAP-UP or GAP-DOWN on 28-09-2023 then the following calculations must be considered:

Level 1 = OPEN PRICE (28-SEP) -28.35
Level 2 = OPEN PRICE (28-SEP) - 76.90
Level 3 = OPEN PRICE (28-SEP) - 33.55
Level 4 = OPEN PRICE (28-SEP) + 28.35
Level 5 = OPEN PRICE (28-SEP) + 76.90
Level 6 = OPEN PRICE (28-SEP) + 33.55
Level 7 = (Level 1 + Level 2) / 2
Level 8 = (Level 4 + Level 5) / 2

High Probable Reversal Levels: The yellow, purple, and white lines plotted on the attached chart depicts high probable reversal levels.

DISCLAIMER: This published idea is only for educational purpose.

28 Sep 2023

Catatan

NIFTY is heading towards very good support around 19598.65. If this level is broken then further fall is expected.