Thursday 26 November 2020

Nifty Outlook for 27th Nov

  In the previous session : 


Nifty went down by 68 points then went up by 160 points before closing higher by 128 points onThursday 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 26th Nov :

Nifty initially triggered our short trade and completed just 1 target and took our TSL. Post that Nifty reversed to trigger our long trade and nearly completed all targets giving 110 points. 

For 27th Nov :
 
Sustaining above 13035 enter for 13060 - 13095 - 13175 , SL 13000


Sustaining below 12940 enter for 12915 - 12880 - 12800 , SL 12975


 

Now for this week :

Nifty has immediate resistance at 12920 - 12960 zone and closing above it we may see a further move towards 13060 - 13090 zone 

Nifty has immediate support at 12795 - 12760 zone and closing below it we may see a further move towards 12655 - 12630 zone . 

Nifty tested the next weekly resistance zone and made a high of 13145.85 . It failed to sustain above 13090 and reversed to correct till 12790.40 testing the initial support .Post that it again bounced back towards the initial resistance again. 


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.


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