Thursday, November 14, 2024

Nifty 14-11-2024


 Regarding Nifty analysis, Everybody is now talking about RSI overbought/oversold, 200 EMA, positive divergence, and Fibonacci 61.8% of the current swing 78.6% further lower at 23260+, ATR resistance and supports, and so on.

But Archived Swing 24753-26277 swings 180% at 23533. check [yesterday's low at 23509 closed at 23559, today's low at 23484 closed at 23532], Maintain 23500
21281-26277 swings 61.8% at 23189 [so below 23500 will lead to 23260-23189 range, expect max downside here]

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