Nifty Outlook for 26th Nov

 In the previous session :

Nifty went down by 63 points then went up by 149 points before closing higher by 121 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 25th Nov :-

Nifty triggered our long trade and completed 2 targets and more doing 75 points. 

For 26th Nov :-

Sustaining above 17605 enter for 17645 - 17680 - 17790 , SL 17555

Sustaining below 17470 enter for 17425 - 17395 - 17280 , SL 17520

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 till 17600.60 from where it got sold off again to close marginally above 17400.  Now in the coming session Nifty has immediate resistance near 17690 - 17720 on further upmoves where we may see selling pressure  . On the downside Nifty has immediate support at 17370 - 17340 and sustaining / closing below it we may see a retest of 17280 - 17220 .

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.