In the previous session :
Nifty went up by 107 points then went down by 31 points before closing higher by 7 points on Monday.
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 15th Nov :-
Nifty triggered our long trade and nearly completed 2 targets doing 50 points.
For 16th Nov :-
Sustaining above 18155 enter for 18180 - 18210 - 18285 , SL 18120
Now for this week :
Nifty has to break and sustain above 18185 - 18240 where it has its initial resistance for a further move towards 18380 - 18420 where it has its next resistance for the week
Nifty has to break and sustain below 18020 - 17965 where it has its initial support for a further move towards 17825 - 17785 where it has its next support for the week
So far this week we saw Nifty make a high of 18210.15 testing our initial weekly resistance zone and reverse to make a low of 18071.30 and close above 18100. Now in the coming session Nifty has to hold above 18045 on dips for a bounce back towards 18185 - 18240 zone. Breaking and sustaining below 18045 we may see a dip towards 17970 - 17930
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