STOCK MARKET VIEW BY SACHIN AGGARWAL

Monday, 20 November 2023

Nifty Blog by CA. Sachin Aggarwal

Dated :- 20.11. 2022 NIFTY SPOT 19731.80

Hi Readers,

Nifty went up last week to close at 19731.

Nifty is making Flag formation on monthly charts. Breakout yet to come.

Now What:-

Majority of the mid cap stocks are showing strength, But the weightage stocks are showing they are nearing resistance.

Thus, in the coming week volatility will be there.

For the coming week 19888 will act as resistance and 19575 will act as support.

Overall Nifty made double top formation an below 19247 Nifty is in sell zone. Thus till Nifty is between 19247 and 20222 it is traders game. Both buy and sell possibilities will be there. In coming week Nifty is expected to take breather.

Trade Accordingly.

Note this blog is updated on 20/11/2023 at 8.09 am before the market open.

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The views on Nifty and Stocks and calls made herein are personal views of the author of the blog and are for information, knowledge and educational purpose only and not for commercial purpose in any way. Views expressed in the blog are for information and for education only and it may or may not hold good. These views or calls made on the blog are not recommendations to anybody to buy or sell any index or securities. The above views and calls are based on technical analysis. While due care has been taken while expressing these views and calls, the author of the blog, is not responsible for any liability of any sort arising from the use of this blog. Readers of this column and those who buy or sell index or securities based on information in this blog are solely responsible themselves for their actions. The author may have positions in any of the index or stocks mentioned in this column. Readers of the blog are advised that before trading or doing investment in markets please take advise from your financial expert/consultant. Usage of this blog information confirms that user has read this disclaimer.