Nifty Outlook for 18th Nov

 In the previous session : 

Nifty went up by 163 points before closing higher by 104 points on Monday as compared to the previous day's close. 

Nifty  made a new life time high of 12934.50 in this upmove from the levels of  7511.10  . 

On 17th Nov :

Nifty opened with a big gap up above the last daily target and did not give a chance to enter . 

For 18th Nov :

 

Sustaining above 12910 enter for 12925 - 12955 - 13015 , SL 12885

Sustaining below 12840 enter for 12820 - 12795 - 12735 , SL 12865

 

Now for this week :

Nifty has immediate resistance at 12775 - 12805 zone and closing above it we may see a further move towards 12895 - 12920 zone 

Nifty has immediate support at 12665 - 12635 zone and closing below it we may see a further move towards 12545 - 12520 zone . 

Nifty made a high of 12934 above the next weekly resistance and closed at 12874 and now on sustaining above 12920 we can see a move towards 12995 - 13075 next.

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.