Wednesday 10 November 2021

Nifty Outlook for 11th Nov

  In the previous session :

Nifty went up by 17 points then went down by 129 points before closing lower by 27 points on Wednesday.



Nifty made a new life time high of 18604.45 in this upmove from the lows of 7511.10 made on 24th March 2020


On 10th Nov :-

Nifty triggered our short trade and completed just 1 target doing 35 points. 

For 11th Nov :-

Sustaining above 18085 enter for 18125 - 18170 - 18290 , SL 18035

Sustaining below 17950 enter for 17915 - 17865 - 17740 , SL 18000

Now for this week :

Nifty has to break and sustain above 18025 - 18090 where it has its initial resistance for a further move towards 18270 - 18315 where it has its next resistance for the week

Nifty has to break and sustain below 17815 - 17745 where it has its initial support for a further move towards 17565 - 17515 where it has its next support for the week

So far this week Nifty made a low of 17836.10 just above our initial support zone and bounced to make a high of 18112.60 breaking above our initial resistance zone and today closed just below it . Now in the coming session Nifty has to sustain above 18125 for a further move towards 18170 - 18250 . On the downside Nifty has immediate support at 17900 which it needs to hold on dips for a bounce else breaking below it we may see it fall further towards 17860 - 17830 . 


Incase of a gap up beyond the first target then for fresh updated levels intraday follow 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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