Nifty Outlook for 13th Nov

 In the previous session : 

Nifty went down by 124 points before closing lower by 58 points on Thursday as compared to the previous day's close. 

Nifty  made a new life time high of 12769.75 in this upmove from the levels of  7511.10  . 

On 12th Nov :

Nifty triggered our short trade and  completed all targets giving 90 points.

For 13th Nov :

 

Sustaining above 12725 enter for 12745 - 12765 - 12825 , SL 12700

Sustaining below 12660 enter for 12640 - 12615 - 12555 , SL 12680

 

Now for this week :

Nifty has immediate resistance at 12335 - 12380 zone and closing above it we may see a further move towards 12505 - 12535 zone 

Nifty has immediate support at 12190 - 12145 zone and closing below it we may see a further move towards 12025 - 11990 zone . 

Nifty made a high of 12769.75 this week . We were expecting resistance in the zone of 12780 - 12820 and some cooling off after this big upmove and so far in the last sessions Nifty has faced some resistance near this zone. On a broader range too Nifty will face resistance near 13000 levels from here . 

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

Join our Telegram Channel "simplytradestocks" for live stock trading ideas during market hours                                      

To receive this post daily in your inbox, kindly register by adding your email id in  the 'Subscribe to my posts' section on the top right side of the blog.

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.