Nifty Outlook for 29th Nov

 In the previous session:

Nifty went down by 147 points then went up by 101 points before closing higher by 50 points on Monday

Nifty made a new lifetime high of 18614.25 in this upmove from the lows of 7511.10 made on 24th March 2020

On 28th Nov:

Nifty opened near our last short target for the day and did not give a short trade. Post That Nifty reversed to trigger our long trade and completed 2 targets doing 50+ points.

For 29th Nov:

Sustaining above 18600 enter for 18625 - 18650 - 18720, SL 18575

Sustaining below 18525 enter for 18500 - 18475 - 18410, SL 18550

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.

So far this week Nifty made a low of 18365.60 breaking below our weekly support zone and bounced back sharply to test our weekly resistance zone at 18575 - 18615 and closed at 18562.75. 

Now in the coming session Nifty has to break and sustain above 18615 for a move towards 18715 - 18750. On the downside Nifty has immediate support at 18450 - 18410 which it needs to break and sustain below for a move towards 18310 - 18280. 

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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.