In the previous session:
Nifty went up by 50 points then went down by 39 points before closing lower by 28 points on Friday
Nifty made a new lifetime high of 18604.45 in this upmove from the lows of 7511.10 made on 24th March 2020
On 27th Nov:
Nifty triggered our long trade and took our stoploss. Post that it traded sideways the entire session.
For 28th Nov:
Sustaining above 18550 enter for 18575 - 18600 - 18670, SL 18525
Now for this week:
On the upside:
Nifty has to sustain and close above its immediate resistance at 18575 - 18615 to move towards initial long targets of 18715 - 18750.
Closing above 18750 Nifty may move towards next long targets of 18830 - 18930
On the downside:
Nifty has to sustain and close below its immediate support at 18450 - 18410 to move towards initial short targets of 18310 - 18280.
Closing below 18280 Nifty may move towards next targets of 18190 - 18090.
In case of a gap up beyond the first target then for fresh updated levels intraday follow 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.
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