Nifty Outlook for 19th Nov

  In the previous session : 

Nifty went down by 55 points then went up by 75 points before closing higher by 64 points on Wednesday as compared to the previous day's close. 

Nifty  made a new life time high of 12948.85 in this upmove from the levels of  7511.10  . 

On 18th Nov :

Nifty initially triggered our short trade and did 1 target and took our TSL / Post that Nifty reversed to trigger the long trade and completed 2 targets. 

For 19th Nov :

 

Sustaining above 12970 enter for 12985 - 13010 - 13065 , SL 12945

Sustaining below 12905 enter for 12890 - 12870 - 12815 , SL 12930

 

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 12948.85 above the next weekly resistance and closed at 12938.25 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.