In the previous session :
Nifty went up by 40 points then went down by 484 points before closing lower by 348 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 22nd Nov :-
Nifty triggered our short trade and completed all targets and much more doing 425 points.
For 23rd Nov :-
Sustaining above 17485 enter for 17515 - 17545 - 17645 , SL 17435
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
So far this week Nifty made a low of 17280.45 breaking below our next weekly short targets zone and closed below it . Now in the coming session Nifty has immediate resistance near 17480 - 17550 on upmoves and we may see selling from around here . On the downside Nifty on breaking and sustaining below todays low of 17280.45 can correct further towards 17130 - 17040 where it has a strong support.
Nifty has to reclaim 17720 on closing basis for some signs of strength .
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