Nifty Prediction Today – 22 November 2021
On Thursday, 18th Nov 2021- Nifty open almost flat with a minor decline at 17,890.55, and moves small Upside making High at 17,945.60, then started falling down to Low 17,688.50 @12.25PM and start rising with finally Close at 17,764.80 with a negative point -133 DOWN.
In the 1H chart above, on Thursday, dragged down further and drops below support level 17798 – 17752 but finally close around that level. Nifty still looks weak, any fallout below Thursday low 17688, then might fall to the next support level 17610 and can fall further also.
Super Trend still in Negative Trigger and now Resistance line moves at 17935 and RSI indicators also still below 40 marks, which indicates a bearish trend. Only close above 17935 and RSI above 60 can change trends to positive.
In the chart, Nifty Cash falling is continued and breaks the HL level 17798, so it changes the trend to a bearish combination.
Support and Resistance Line plotted on a chart to get more trend confirmation.
Nifty Support and Resistance
Close : 17,764.80
Pivot Point Level: 17800
|S1 – 17,725||R1 – 17,855|
|S2 – 17,655||R2 – 17,910|
|S3 – 17,595||R3 – 17,985|
|S4 – 17,550||R4 – 18055|
Bank Nifty Prediction Today – 22 November 2021
On Thursday, 18th Nov 2021- Bank Nifty also open almost flat at 38,071.90 and moves well @ 150 points upside to making High at 38,233.95, then started falling down @ 450 points from the top and make a Low 37,748.45 @12.25PM and again it start rising with finally Close at 37,976.25 with a negative point -65 DOWN.
In the 1H chart above, Bank Nifty Cash still running in bearish mode. Support will be at 37365 level nearby and the next support will be at @36900
Super-Trend continues running in Negative Trigger since 8th Nov 2021, still in bearish and RSI indicators also continue running below 40 to indicate of the bearish sign. Super trend line act as Resistance and that level is at 38410. Only close above 38410 and RSI above 60 can change trends to positive.
The chart shows, Bank Nifty Cash is making a continued making new LL at 37748, which still indicates that the trend is continuing in Downside.
Bank Nifty Support and Resistance
Close : 37,976.25
Pivot Point Level: 37,985
|S1 – 37,740||R1 – 38,235|
|S2 – 37,500||R2 -38,470|
|S3 – 37,050||R3 – 38,950|
|S4 – 36,530||R4 – 39,440|
> Today Share Market Prediction: Today also Overall Nifty Cash and Bank Nifty both looks Bearish
FIIs and DIIs Data
On Thursday, 18th Nov 2021, in the Cash market
FIIs are net Seller of Rs.3,930.6 Crores (8,781.8 – 12,712.4) And Net Seller of Rs 33,567.3 in The Last 30 Days
DIIs are net Buyer of Rs 1,885.7 Crores ( 6,846.1 – 4,960.4) And Net Buyer of Rs 16,290.7 in The Last 30 Days
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Very Soon will start Nifty and Bank Nifty Option Analysis ….
And also Many more… Analysis
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