Gift nifty reached an important monthly level

Updated

Gift nifty reached an important monthly level next one is a 12M level( light red), next monthly level is quiet high, light blue showing normal weekly level, lets c

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nifty idea

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possible consolidation in BN otherwise another good fall in BN

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tradingview.com/x/yOGayJDq/😊

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14 mins

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tradingview.com/x/zsD9GNYD/a possibility, could be other way

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near weekly line

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closed near the weekly line but not the perfect one

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tradingview.com/x/M30tac7v/😊

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nifty almost closed at the year end curve level

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tradingview.com/x/CUWqAkBY/😊

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possible 12M levels light red

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light blue weekly and white monthly levels

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resistance from the day line holding the weekly line, nifty and bank nifty both closed below there weekly levels after getting resistance from there monthly levels

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21663 is a monthly level (white line) and 21600, a weekly level 2

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nifty now at a risky place , only possible support here is the high of monthly bb, lets and weekly rsi 70

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gift nifty is trading below the monthly and weekly levels so caution is needed

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now at the day level

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4H 10MA looking for -ve closeup, only a strong green movement will be able to invalidate it

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still holding the day level but 4H 10MA is a risk

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good able to hold the day line against the pressure of the falling 4H 10 MA line

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seems 26 MA approaching 10MA

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new idea form today

omvats1

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