In the previous session :
Nifty went down by 219 points before closing lower by 143 points on Thursday.
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 11th Nov :-
Nifty triggered our short trade and completed all targets doing 210 points.
For 12th Nov :-
Sustaining above 17940 enter for 17965 - 17990 - 18090 , SL 17890
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 17798.20 today testing our initial support zone after making a high earlier of 18112.60 and testing our initial resistance zone. Now in the coming session Nifty has to sustain above 17940 for a further move towards 17990 - 18090 . On the downside Nifty has immediate support at 17775 which it needs to hold on dips for a bounce else breaking below it we may see it fall further towards 17730 - 17700 .
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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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