Nifty Prediction Today 22 Nov 2021

Nifty Prediction Today – 22 November 2021

Nifty Prediction Today – 22 November 2021

Nifty Prediction for Today - 22 November 2021
Nifty Prediction for today

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.

> Support and Resistance क्या है?

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

Nifty Support and Resistance

Close : 17,764.80

Pivot Point Level: 17800

Support Resistance
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

Bank Nifty Prediction for Today - 22 November 2021
Bank Nifty Prediction for today

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

Support Resistance
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

Stock News

> Indiabulls Housing: Brickwork has revised the outlook to ‘Stable’ from ‘Negative’

> NATCO: Company launches Tipanat Tablets in India, for the treatment of advanced colorectal & gastric cancer

> Biocon: Company and Viatris Announce Insulin Glargine Injection Will Be Offered Through the Walgreens Prescription Savings Club.

> Motherson Sumi: Company announces successful completion of its acquisition of a majority stake in Nanchang JMCG Mekra Lang Vehicle Mirror through its JV SMR-NBHX

> Bharti Airtel: The telecom operator is rethinking its plan to separate digital and infrastructure businesses from telecom

> Kesoram: Board approved to raise funds up to Rs 2,500 crore

> Reliance Industries: Company and Saudi Aramco decide to re-evaluate the proposed Investment by Aramco in the O2C business

> Securities in F&O Ban Period: BHEL, ESCORT, IDEA, NATIONALUM, SAIL ,SUNTV

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

And also Many more… Analysis

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