Monday 29 November 2021

Nifty Outlook for 30th Nov

 In the previous session :

Nifty went down by 244 points then went up by 134 points before closing higher by 27 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 29th Nov :-

Nifty triggered our short trade and completed 2 targets and more doing 170 points. 

For 30th Nov :-

Sustaining above 17125 enter for 17170 - 17220 - 17360 , SL 17075

Sustaining below 16980 enter for 16940 - 16885 - 16750 , SL 17035

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

So far this week Nifty has made a low of 16782.40 breaking below our initial weekly support and bounced back till 17160 testing our initial resistance zone too before closing marginally above 17000. Now in the coming session Nifty has immediate support at 16780 which it needs to hold on dips . On the upside Nifty has immediate resistance at 17270 .

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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