Nifty Outlook for 20th Nov

 In the previous session : 

Nifty went up by 25 points then went down by 192 points before closing lower by 166 points on Thursday as compared to the previous day's close. 

Nifty  made a new life time high of 12963 in this upmove from the levels of  7511.10  . 

On 19th Nov :

Nifty triggered our short trade and  completed all targets and more giving 159 points. 

For 20th Nov :

 

Sustaining above 12815 enter for 12840 - 12870 - 12950 , SL 12785

Sustaining below 12730 enter for 12705 - 12675 - 12600 , SL 12760

 

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 12963 above the next weekly resistance and today reversed by 200 points intraday after failing to sustain above 12920. Immediate support at 12665 - 12635 now.

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.