Nifty Prediction Today - 17 November 2021

Nifty Prediction Today – 17 November 2021

Nifty Prediction Today – 17 November 2021

Nifty Prediction Today - 17  November 2021
Nifty Prediction for today

On Tuesday, 16th Nov 2021- Nifty open slightly higher side at 18,127.05, and after making High at 18,132.65, started falling down to 18027, after that Nifty Cash rose to 18122 and then sharp falling to Low 17,958.80 and finally Close at 17,999.20 with a negative point -110 DOWN.

In the 1H chart, the Nifty starts looking weak now, but still indicates a mixed trend till HL level 17798 does not break.

In the last few days, Super Trend gives wrong signaling about trends, and RSI indicators also do not give any supportive indications. Now we have a Super trend is in Negative Trigger with Resistance line at 18180. RSI is also moved between 50-40 marks, which shows the trend is now getting weak.

Nifty Cash after making makes the new HH at 18210, started falling down Still hold HH-HL combination.

Support and Resistance Line plotted on a chart to get more trend confirmation.

Please Read also in Hindi Here > Stock Picks: Vaibhav Global Ltd

Nifty Support and Resistance

Close : 17999.20

Pivot Point Level: 18,030

Support Resistance
S1 – 17,980 R1 – 18,065
S2 – 17,925 R2 – 18,100
S3 – 17,890 R3 – 18,155
S4 – 17,855 R4 – 18,210

Bank Nifty Prediction Today – 17 November 2021

Bank Nifty Prediction Today - 17  November 2021
Bank Nifty Prediction for today

On Tuesday, 16th Nov 2021, Bank Nifty Open flat at 38,710.90 and make a slightly High at 38,724.70, then started falling down about @ 500 points from High and make Low at 38,211.10 and finally Close with some point upside from low at 38,307.10 with -395 points DOWN.

In the 1H chart, Bank Nifty Cash getting more bearish today.

Super-Trend and RSI indicators continue to remain both in the Negative Zone. Super trend bearish line act as Resistance and level is at 38845 and RSI is also now moving below 40 mark which indicates bearish sign (Only moves above 60 levels will give +Ve Sign).

The chart shows that yesterday, Bank Nifty Cash makes the new LL, which shows that trend is still continuing in Downside.

Bank Nifty Support and Resistance

Close : 38,307.10

Pivot Point Level: 38415

Support Resistance
S1 – 38,105 R1 – 38615
S2 – 37,900 R2 – 38925
S3 – 37,390 R3 – 39440
S4 – 36,780 R4 – 39850

> Overall Nifty Cash and Bank Nifty both looks Bearish

FIIs and DIIs Data

On Tuasday, 16th November 2021

FIIs are net Seller of Rs.560.7 Crores (9,633.7 – 10,194.4) And

DIIs are net Buyers of Rs. 577.3 crores (6,404.6 – 5,827.3) in the cash market.

Stocks News

> Infosys and MIT Technology Review launched ‘The Cloud Hub’, a forum offering insights and learning from successful cloud transformations to help global enterprises accelerate their cloud journey.

> Home First Finance Company India: Board to meet on November 22 to consider raising up to Rs 99 crore via issuance of secured NCDs on a private placement basis.

> InterGlobe Aviation: IndiGo has scrapped plans to raise funds as revenue recovers. IndiGo is unlikely to raise funds through a share sale to institutional investors, as the carrier’s revenue is recovering and there are no signs of third wave of the Covid pandemic erupting in India, CEO Ronojoy Dutta said. The budget carrier is also mulling charging passengers for checked-in luggage.

> Biocon Biologics and Viatris Inc. have launched interchangeable SEMGLEE (insulin glargineyfgn) injection and Insulin Glargine (insulin glargine-yfgn) injection in U.S. to help control high blood sugar in adult and pediatric patients with type 1 diabetes and adults with type 2 diabetes.

> Ajanta Pharma: Promoter Ravi Agrawal created a pledge of 1 lakh shares on November 15.

> Gujarat Pipavav Port: To meet Bajaj Allianz Life Insurance Company, L&T Mutual Fund, Birla Sun Life Insurance Company, Canara HSBC Life Insurance Company and BNP Paribas India on November 17.

> IEX: Fixes Dec 6 As Record Date For Issue Of Bonus Equity Shares In The Ratio 1:2

Very Soon will start Nifty and Bank Nifty Option Analysis ….

And also Many more… Analysis

> Stock Picks for Today: Buy Zomato Ltd ( ₹ 160.30 )

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