Nifty Weekly Analysis For 18-11-24 to 22-11-24
Nifty Weekly Analysis For 18-11-24 to 22-11-24
As per our last week's view, Nifty has given a breakdown on Downside and also reached 1st Target.
We will continue with the same view next week with 2 scenarios.
23780-23880 will now act as Resistance which was Support previously.
Scenario 1: If Nifty gives a pull back and tests Resistance, Short from that level for the Targets of 23480/23080.
Scenario 2: If Nifty breaks 23480 on Downside, Short for the Targets of 23200/23080.
Long level is Only if nifty sustains above 24100.
View: Sideways to Bearish.
As per our last week's view, Nifty has given a breakdown on Downside and also reached 1st Target.
We will continue with the same view next week with 2 scenarios.
23780-23880 will now act as Resistance which was Support previously.
Scenario 1: If Nifty gives a pull back and tests Resistance, Short from that level for the Targets of 23480/23080.
Scenario 2: If Nifty breaks 23480 on Downside, Short for the Targets of 23200/23080.
Long level is Only if nifty sustains above 24100.
View: Sideways to Bearish.
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