Sunday 28 November 2021

Nifty Outlook for 29th Nov

 In the previous session :

Nifty went down by 550 points before closing lower by 510 points on Friday.

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 26th Nov :-

Nifty triggered our short trade by opening below our 2nd target and corrected further by another 325 points. 

For 29th Nov :-

Sustaining above 17100 enter for 17140 - 17195 - 17325 , SL 17050

Sustaining below 16955 enter for 16910 - 16860 - 16730 , SL 17005

Now for this week :

Nifty has to break and sustain above 17145 - 17215 where it has its initial resistance for a further move towards 17415 - 17465 where it has its next resistance for the week

Nifty has to break and sustain below 16910 - 16840 where it has its initial support for a further move towards 16640 - 16590 where it has its next support for the week

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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