Tuesday 23 November 2021

Nifty Outlook for 24th Nov

 In the previous session :

Nifty went down by 200 points then went up by 137 points before closing higher by 86 points on Tuesday.

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 23rd Nov :-

Nifty initially triggered our short trade and nearly completed all targets doing 125 points and took our TSL. Post that Nifty triggered our long trade and completed 2 targets doing 60 points. 

For 24th Nov :-

Sustaining above 17570 enter for 17600 - 17640 - 17740 , SL 17520

Sustaining below 17435 enter for 17410 - 17370 - 17260 , SL 17485

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 17216.10 breaking below our next weekly short targets zone and today bounced back to close marginally above 17500 . Now in the coming session Nifty has immediate resistance near 17640 - 17690 on upmoves and we may see selling from around here . On the downside Nifty on breaking and sustaining below todays low of 17430 can correct again towards 17370 - 17220 where it has a immediate support. 

Nifty has to reclaim 17720 on closing basis for some signs of strength . 


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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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