Nifty Outlook for 25th Nov

 In the previous session : 

Nifty went up by 153 points before closing higher by 128 points on Tuesday as compared to the previous day's close. 

Nifty  made a new life time high of 13079.10 in this upmove from the levels of  7511.10  . 

On 24th Nov :

Nifty triggered our long trade and  completed all targets giving 100 points. 

For 25th Nov :

 

Sustaining above 13090 enter for 13110 - 13135 - 13195 , SL 13065

Sustaining below 13020 enter for 13000 - 12975 - 12915 , SL 13045

 

Now for this week :

Nifty has immediate resistance at 12920 - 12960 zone and closing above it we may see a further move towards 13060 - 13090 zone 

Nifty has immediate support at 12795 - 12760 zone and closing below it we may see a further move towards 12655 - 12630 zone . 

Nifty tested the next weekly resistance zone and closed at 13055.15. It needs to sustain above 13090 for a further move towards 13175 - 13270 next. Failing to sustain above it we can see some profit booking take place.

Incase we get a gap up beyond the 1st target then will update fresh levels as per pre opening on the telegram channel "simplytradestocks"

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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.