Nifty Spot Outlook for 24th Nov

 In the previous session : 

Nifty went down by 33 points then went up by 110 points before closing higher by 67 points on Monday as compared to the previous day's close. 

Nifty  made a new life time high of 12968.85 in this upmove from the levels of  7511.10  . 

On 23rd Nov :

Nifty triggered our long trade and  completed 2 targets giving 60 points. 

For 24th Nov :

 

Sustaining above 12960 enter for 12980 - 13005 - 13065 , SL 12935

Sustaining below 12890 enter for 12870 - 12850 - 12790 , SL 12915

 

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 today tested the initial resistance zone and paused to close at 12926.45. It needs to sustain above the initial resistance zone for a move towards the next resistance zone where we can see a stronger resistance.

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.