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Nifty Prediction Today – 18 November 2021
On Wednesday, 17th Nov 2021- Nifty open gap down about 60 points at 17,939.35, and moves Upside making High at 18,022.65, again started falling down to Low 17,879.25 and finally Close at 17,898.65 with a negative point -100 DOWN.
In the 1H chart, now Nifty looks weak more. Nifty has good support at @ 17798 – 17752, any fallout below this level will lead Nifty cash more bearish and the next support will be 17610.
Super Trend is already in Negative Trigger and now Resistance line at 18080 and RSI indicators also moved below 40 marks, which indicates a bearish trend.
In the chart, Nifty Cash after making HH at 18210, falling is continued yesterday also and trend Still holds HH-HL combination.
Support and Resistance Line plotted on a chart to get more trend confirmation.
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Nifty Support and Resistance
Close : 17,898.65
Pivot Point Level: 17,935
| Support | Resistance |
| S1 – 17,885 | R1 – 17,960 |
| S2 – 17,840 | R2 – 17,990 |
| S3 – 17,815 | R3 – 18,030 |
| S4 – 17,790 | R4 – 18085 |
Bank Nifty Prediction Today – 18 November 2021
On Wednesday, 17th Nov 2021, Bank Nifty cash open gap down about @ 190 points at 38,113.40 and started to rise up and make High at 38,456.30, then started falling down to Low at 37,981.20 and finally Close with some point upside from low at 38,041.55 with -265 points DOWN.
In the 1H chart, Bank Nifty Cash getting more and more bearish now. No support nearby and the next support will be at @36900
Super-Trend already continues running in Negative Trigger and RSI indicators also continue still below 40 to remain in the bearish sign. Super trend line act as Resistance and that level is at 38600.
The chart shows, Bank Nifty Cash is making a continued new LL, which indicates that the trend is still continuing in Downside.
Bank Nifty Support and Resistance
Close : 38,041.55
Pivot Point Level: 38,160
| Support | Resistance |
| S1 – 37,860 | R1 – 38,340 |
| S2 – 37,685 | R2 -38,635 |
| S3 – 37,210 | R3 – 39,110 |
| S4 – 36,730 | R4 – 39,590 |
> Today Share Market Prediction: Overall Nifty Cash and Bank Nifty both looks Bearish
FIIs and DIIs Data
On Wednesday, 17th November 2021
FIIs are net Seller of Rs.344.35 Crores (9321.89 – 9666.24) And
DIIs are net Sellers of Rs.61.14 Crores (5736.59 – 5797.73) in the cash market.
Stock News
> Vedanta: To separately list aluminum, oil, iron, and steel businesses. The company has set up a board committee to evaluate options to unlock value and simplify its corporate structure. It aims to accelerate emissions reduction and strengthen ESG practices.
> Kalpataru Power Transmission: ICICI Prudential Mutual Fund acquired a 0.19% stake in the company via open market transactions on November 16, increasing shareholding to 5.18% from 4.99% earlier.
> Seacoast Shipping Services: To consider sub-division of equity shares on November 24.
> Zomato: Zomato UK, a step-down subsidiary of the company, has been dissolved effective from November 16, 2021.
> Chambal Fertilisers & Chemicals: Promoter Uttar Pradesh Trading Company revoked pledge of 12.62 lakh shares on November 11.As reported on November 17.
> Camlin Fine Sciences: Through the company’s newly incorporated wholly-owned subsidiary in Mexico, it has acquired 33.50 percent stake from the joint venture partner
> Securities in F&O Ban Period: BHEL, IBULHSGFIN, IRCTC, NATIONALUM, SAIL, SUNTV
Very Soon will start Nifty and Bank Nifty Option Analysis ….
And also Many more… Analysis
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