Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 29.11. 2022                        NIFTY SPOT   19889.70

 

Hi Readers,

It was mentioned that Nifty will take a breather same happened.

Also it was mentioned that Nifty will find resistance at 19888 and Nifty closed at 19889.

 

Now What:-

As mentioned in previous week, Nifty is at the resistance level of 19888 and now the resistance for the coming week shall be 19976. Sustain above it will help Nifty break 20000. But till the time it does not happen Nifty is supposed to face the resistance. Interesting thing happened yesterday was that Bank Nifty which is weak has also reached near the resistance level of 43990. Thus in coming days Bank Nifty will hold the key. If Nifty has to go up then Bank Nifty shall start trading above 44000 and that will be one of the indication that till it is above 44000 then Nifty might trigger a short covering. But un-till that, resistances can have their impact an force them come down.

Trade Accordingly.

Note: the blog is update on Wednesday 29/11/2023 at 8.08 a.m. before the market open.