In the previous session:
Nifty went up by 31 points then went down by 33 point before closing lower by 7 points on Friday
Nifty made a new lifetime high of 20222.45 on 15th Sep 2023 from the lows of 7511.10 made on 24th March 2020
On 24th Nov:
Nifty traded sideways between our long and short trigger zone.
For 28th Nov:
Sustaining above 19830 can move towards 19850 - 19875 - 19940, SL 19805
In the Previous Week:
Nifty traded sideways between our long and short trigger zone and did not give any directional move
Now for this week:
On the upside:
Nifty has to sustain and close above its weekly resistance at 19850 - 19885 to move towards its initial weekly long targets of 19985 - 20010
Closing above 20010 Nifty may move towards its last weekly long targets of 20090 - 20180
On the downside:
Nifty has to sustain and close below its weekly support at 19740 - 19705 to move towards its initial weekly short targets of 19605 - 19580
Closing below 19580 Nifty may move towards its last weekly short targets of 19500 - 19410
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: I am not SEBI registered and these are my personal views and one should do their own research or consult a financial advisor 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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