Nifty Outlook for 01st Dec

 In the previous session : 

Nifty went up by 48 points then went down by 73 points before closing lower by 18 points on Friday as compared to the previous day's close. 

Nifty  made a new life time high of 13145.85 in this upmove from the levels of  7511.10  . 

On 27th Nov :

Nifty triggered our short trade and completed just 1 target giving 25 points. 

For 01st Dec :

 

Sustaining above 13015 enter for 13040 - 13075 - 13160 , SL 12980

Sustaining below 12925 enter for 12900 - 12865 - 12780 , SL 12955

 

Now for this week :

Nifty has immediate resistance at 13045 - 13090 zone and closing above it we may see a further move towards 13215 - 13245 zone 

Nifty has immediate support at 12895 - 12850 zone and closing below it we may see a further move towards 12725 - 12690 zone . 

Overall Nifty has stiff resistance at 13215 and unless we get a strong close above it we can see a correction on upmoves .

Incase we get a gap up beyond the 1st target then will update fresh levels as per pre opening on the telegram channel "simplytradestocks"

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Disclaimer : These are my personal views and one should do their own research before entering any trades based on them  . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.