the nifty is currently at its highest point but then we got the dii and fii who were not so bullish nor so bearish. Because of this effect the nifty may consolidate in a square for a long time and currently the intraday levels for nifty are 22526.60, 22452.55, 22224.35 and for the swing or for the daily we have 22712.55(this is a fib retraced 1.618 lvl) , 22526.60, 22224.35, 22047.75 and since we got bank nifty which is not at its all time high we can expect it to drag nifty to higher. and these are techincals for swing nifty
Type || R1 R2 R3 PP S1 S2 S3
Classic || 22,470.42 22,608.18 22,689.77 22,388.83 22,251.07 22,169.48 22,031.72
Fibonacci || 22,472.63 22,524.39 22,608.18 22,388.83 22,305.04 22,253.28 22,169.48
Camarilla || 22,352.76 22,372.86 22,392.97 22,388.83 22,312.54 22,292.44 22,272.33
Type || R1 R2 R3 PP S1 S2 S3
Classic || 22,470.42 22,608.18 22,689.77 22,388.83 22,251.07 22,169.48 22,031.72
Fibonacci || 22,472.63 22,524.39 22,608.18 22,388.83 22,305.04 22,253.28 22,169.48
Camarilla || 22,352.76 22,372.86 22,392.97 22,388.83 22,312.54 22,292.44 22,272.33
Komentar:
and the stocks inside the nifty were also almost is bullish and the bank sector is in pure red so i suggest you to focus more on bank nifty for the selling side