Nifty Prediction Today – 24 November 2021
Nifty Prediction Today – 24 November 2021: On Tuesday, 23rd Nov 2021 – Nifty open lower side about a 135 point at 17,281.75, and after making Low at 17,216.10, started rising strongly and gained @ 335 points from the bottom and make High 17,553.70 @2.55PM and finally Close at 17,503.35 with a Positive 87 point UP.
Nifty Technical Analysis: Technically Nifty is still weak.
As remarked Yesterday, Nifty gets reverse but still missing good strength. Yesterday, the Nifty drops below the previous Low 17280 and made a new low 17216, Now If Nifty Cash holds this Low ( Today should not close below )i.e 17210 level and breaks above 17580 then it will more confirm the trend reversal. Resistance will be the same as yesterday at 17580, 17615, and 17750.
In the chart, Super Trend still holds Negative Trigger and Resistance line moves now at 17570 and RSI indicator now moves above the level 40 marks, slightly balanced the trend, but RSI is still in a bearish trend. Only close above 17570 and RSI above 60 can change trends to positive.
Yesterday, Nifty Cash is still bearish with the LH-LL structure.
Support and Resistance Line plotted on a chart to understand more trend confirmation.
Nifty Support and Resistance
Close : 17,503.35
Pivot Point Level: 17,424
|S1 – 17,360||R1 – 17,525|
|S2 – 17,295||R2 – 17,630|
|S3 – 17,190||R3 – 17700|
|S4 – 17,080||R4 – 17,760|
Bank Nifty Prediction Today – 24 November 2021
Bank Nifty Prediction Today – 24 November 2021: On Tuesday, 23rd Nov 2021 – Bank Nifty also gap down Open @ 340 points at 36,787.00 and moves sightly lower and make a Low at 36,647.55, then started rising heavily and gain @ 800 points from the bottom and make a High at 37,448.75 @ 2.20 PM and finally Close at 37,272.80 with a positive 144 points UP.
Bank Nifty Technical Analysis: Technically Bank Nifty is still Weak.
Yesterday, Bank Nifty Cash gets reversed after getting a new low of 36,647.55, previous Low was made @ 36655. Bank Nifty still missing the strength of reversal. Now If Bank Nifty Cash holds this Low ( Today should not close below )i.e 36,647.55 level and breaks above 37600 then only it will more confirm about trend reversal. Resistance will be the same as yesterday at 37600, 38410, and 38790.
In yesterday’s Chart, Super-Trend still running in Negative Trigger and RSI indicator now moves above the level 40 marks, which slightly balanced the trend, but RSI is still in a bearish trend. Super trend line Resistance line still remains at 37600. Only close above 37600 and RSI above 60 can change trends to positive.
Yesterday, Bank Nifty Cash is still bearish with the LH-LL structure.
Bank Nifty Support and Resistance
Close : 37,272.80
Pivot Point Level: 37,125
|S1 – 36,960||R1 – 37,360|
|S2 – 36,560||R2 – 37,760|
|S3 – 36,325||R3 – 38,325|
|S4 – 35,520||R4 – 38,725|
FIIs and DIIs Data
In the Cash market
|Date||Gross Purchase||Gross Sales||Net Purchase/Sales||Net Purchase/Sales||Gross Sales||Gross Purchase|
|FIIs Net in Crores||DIIs Net in Crores|
|23 Nov 2021||10,101.1||14,578.1||-4,477.1||1,412||7,618.2||9,030.2|
|Last 30 Days||169,395.2||203,012.8||-33,617.7||22,554.4||115,467.6||138,022|
> On Tuesday, 23rd Nov 2021 : India VIX Rise by 2.83 % at 18.015 (Previous was at 17.52)
> Maruti Suzuki: Wins India court halt on 2b rupees antitrust penalty
> ONGC: ONGC Can Tap Private Partners to Boost Output: Oil Ministry
> Marico: The FMCG player is working on expanding its distribution network across pharmacies, beauty stores and specialized food outlets
> Raymond: The Raymond Group is working on reorganizing its businesses into five core revenue streams
> Securities in F&O Ban for trade Wednesday, 24th Nov 2021 : ESCORT and IDEA only
> Result Today : Siemens Ltd, Veritas India Ltd
Very Soon will start Nifty and Bank Nifty Option Analysis ….
And also Many more… Analysis
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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