Nifty Prediction for today

Nifty Prediction Today – 18 November 2021

Nifty Prediction Today – 18 November 2021

Nifty Prediction Today  18  November 2021
Nifty Prediction for today

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.

> Stock Picks : Buy Zomato Ltd , can touch 210-220 soon !!!!

> Stock Picks: Vaibhav Global Ltd

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

Bank Nifty Prediction Today  18  November  2021
Bank Nifty Prediction for today

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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