Key Levels to Watch for Nifty:
24287: This is a crucial level. If Nifty closes below this, we could see a drop to 23900.
23900: A close below this level might lead to a further decline to the 23300-23400 zones, which could be potential reversal points.
This recent fall was long overdue and represents a healthy correction. We are not in a bear phase yet. The bear phase will only commence if Nifty breaks below the 22533 zone, a critical level for long-term traders and investors, marking significant demand and supply zones.
Upside Potential:
24870: Crossing this level could provide some relief for the bulls.
25336: Surpassing this level will put the bulls in control, potentially driving Nifty to new all-time highs and towards the 27500 zone.
Please closely follow these levels, bookmark them, and note them on your trading desk. This analysis is based on a combination of patterns, supply and demand zones, price action, vibration dates, and wave theory.
Stay informed and trade wisely.
24287: This is a crucial level. If Nifty closes below this, we could see a drop to 23900.
23900: A close below this level might lead to a further decline to the 23300-23400 zones, which could be potential reversal points.
This recent fall was long overdue and represents a healthy correction. We are not in a bear phase yet. The bear phase will only commence if Nifty breaks below the 22533 zone, a critical level for long-term traders and investors, marking significant demand and supply zones.
Upside Potential:
24870: Crossing this level could provide some relief for the bulls.
25336: Surpassing this level will put the bulls in control, potentially driving Nifty to new all-time highs and towards the 27500 zone.
Please closely follow these levels, bookmark them, and note them on your trading desk. This analysis is based on a combination of patterns, supply and demand zones, price action, vibration dates, and wave theory.
Stay informed and trade wisely.
