Nifty Prediction Today 23 November 2021

Nifty Prediction Today – 23 November 2021

Nifty Prediction Today – 23 November 2021

Nifty Prediction Today - 23  November 2021
Nifty Prediction for today

Nifty Prediction Today – 23 November 2021: On Monday, 22nd Nov 2021- Nifty open higher with about a 30 point at 17,796.25, and after making High at 17,805.25, started falling heavily @ 500 points from the top and make Low 17,280.45 @2.30PM, then started rebound move and finally Close at 17,416.55 with a negative point -348 DOWN.

Nifty Technical Analysis: In the 1H chart above, Nifty still looks weak.

One Positive Sign is seen Yesterday, in the 1H Nifty Cash chart, one Candlestick Pattern Doji is seen which indicates that Nifty might get reverse. If Nifty Cash holds the Low of Doji ( Today should not close below )i.e 17280 level and breaks above 17495 then it will confirm the trend reversal. Resistance will be at 17580, 17615, and 17750.

Super Trend still holds Negative Trigger and now Resistance line moves at 17580 and RSI indicator touched highly oversold level 20 marks, but RSI is still in a bearish trend. Only close above 17580 and RSI above 60 can change trends to positive.

Yesterday, Nifty Cash fell sharply after breaking the HL level 17798.

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

यह पढ़े > Support and Resistance क्या है?

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

Nifty Support and Resistance

Close : 17,416.55

Pivot Point Level: 17,500

Support Resistance
S1 – 17,345 R1 – 17,610
S2 – 17,190 R2 – 17,720
S3 – 17,085 R3 – 17,875
S4 – 16,980 R4 – 18020

Bank Nifty Prediction Today – 23 November 2021

Bank Nifty Prediction Today - 23  November 2021
Bank Nifty Prediction for today

Bank Nifty Prediction Today – 23 November 2021: On Monday, 22nd Nov 2021 – Bank Nifty also open almost higher @ 250 points at 38,232.15 and moves sightly to making High at 38,241.00, then started falling heavily down @ 1585 points from the top and make a Low 36,655.40 @ 2.30 PM and finally Close at 37,128.80 with a negative point -847 DOWN.

Bank Nifty Technical Analysis: In the 1H chart above, Bank Nifty Cash still running in bearish mode.

A positive sign is seen Yesterday, likewise Nifty chart, in Bank Nifty Cash 1H chart also, one Candlestick Pattern – bullish Hammer and also Morning star has seen, which indicates that Bank Nifty might also get reverse. If Bank Nifty Cash holds the Low of Hammer( Today should not close below ) i.e 36655 level then it will confirm the trend reversal. Resistance will be at 37600, 38410, and 38790.

Super-Trend continues still running in Negative Trigger and RSI indicators also continue running below 40 to indicate the bearish sign. Super trend line Resistance line is at 37600. Only close above 37600 and RSI above 60 can change trends to positive.

Bank Nifty Cash is making a continued making new LL now at 36655, which still indicates that the trend is continuing in Downside.

Bank Nifty Support and Resistance

Close : 37,128.80

Pivot Point Level: 37,340

Support Resistance
S1 – 36,890 R1 – 37,685
S2 – 36,440 R2 -38,050
S3 – 36,100 R3 – 38,475
S4 – 35,750 R4 – 38,925

Today Market Prediction: Today also Overall Nifty Cash and Bank Nifty might get Reverse, as Candlestick Reversal patterns are seen.

FIIs and DIIs Data

On Monday, 22nd Nov 2021, in the Cash market

FIIs are net Seller of Rs.3,438.8 Crores (11,705.8 – 15,144.5) And Net Seller of Rs 29,140.6 in The Last 30 Days

DIIs are net Buyer of Rs 2,051.2 Crores ( 7,927.9 – 5,876.7) And Net Buyer of Rs 21,142.4 in The Last 30 Days

Stock News

> On Monday, 22nd Nov 2021: India VIX Rise by 17.92% at 17.52 (On 18th Nov 2021, was at 14.85)

> Zee Entertainment Enterprises: NCLT Mumbai bench and Delhi bench have sanctioned the scheme of amalgamation of India Webportal, Zee Digital Convergence and Zee Network Distribution with Zee Studios.

> IEX: To resume trading of Renewable Energy Certificates from November 24, after a gap of almost 16 months. The last REC trade session took place in June 2020

> Zen Technologies: The company has signed an export contract worth Rs 35 crore with one of its important Middle East customers. The order includes Live Simulation equipment (Rs 19.7 crore) and O&M (Rs 15.4 crore) for 4 years. The equipment order is expected to be executed in the next 3 quarters.

> Vedanta: Promoters have increased stake in co from 50.14% in Sep 2020 to 65.18% in Sep 2021

> Lykalabs: Ipca Laboratories Limited Buy 1050000 Shares @ Rs. 123

> Securities in F&O Ban Period: ESCORT and IDEA only

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

And also Many more… Analysis

Disclaimer

लेखक की कमेंट्स पूरी तरह से बाजार सहभागियों / ट्रेडर्स / इन्वेस्टर्स को शिक्षित करने के उद्देश्य से की जाती हैं । और उन्हें अभिनय करके अधिकतम लाभ प्राप्त करने में सक्षम बनाती हैं। हालांकि इन टिप्पणियों को तैयार करने में उचित सावधानी बरती गई है, लेकिन इन कमेंट्स पर ट्रेडिंग और इन्वेस्मेंट्स करने के परिणामस्वरूप आने वाले कोई भी परिणामों के लिए लेखक की कोई जिम्मेदारी नहीं मानी जाएगी।

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