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]

Nifty Chart intra and one week levels 08-11-2024

 

Nifty CASH 24199.30 

NIFTY Swing current 24537-23818 50% at 24117, swing bottom at 23818 [base now, must hold]

Minimum downside at 24092 61.8% maximum 23971  78.6%  for upside bounce 24729 max 24981

 Nifty 24770

======================================

Resistance range 24746-24777 for 24826-845

Any GAPUP around 24826-845 range is for profit booking and 

risk takers short also with sl 24860(C)

Before  move to 25536-25400 range some consolidation 

with profit booking is good 

swing 25078 -  23893 78.6% at 24825

swing 24472-23893 161.8% at 24830

yesterday mentioned same for the tgt 24825+

already we got 24787 high and closed at 24770

Nifty chart

Banknifty and nifty cash levels for intra and for 2 days