In the previous session :
Nifty went up by 47 points then went down by 210 points before closing lower by 133 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 18th Nov :-
Nifty triggered our short trade and completed all targets doing 150 points.
For 22nd Nov :-
Sustaining above 17825 enter for 17850 - 18875 - 17960 , SL 17780
Now for this week :
Nifty has to break and sustain above 17840 - 17890 where it has its initial resistance for a further move towards 18010 - 18050 where it has its next resistance for the week
Nifty has to break and sustain below 17690 - 17640 where it has its initial support for a further move towards 17510 - 17480 where it has its next support for the week
Nifty has to retain 17720 on close on any further decline for a bounce to expected else it can break below the initial weekly supports and test the next weekly support zone too.
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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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