Indice NIFTY 50

Nifty - Weekly review Nov 10 to Nov 14

1 549
Last week, the price fall down gradually. Friday took support at the 25280 - 25320 support zone.
Now the price has to sustain above the 25500 zone to move up. 25700 - 25720 can act as a resistance.
The daily chart also shows a similar support/resistance zone.
snapshot
Buy above 25520 with the stop loss of 25470 for the targets 25560, 25600, 25660, 25720, 25760 and 25820. This is work if the price shows bullish strength at 25500.
Sell below 25400 with the stop loss of 25450 for the targets 25360, 25320, 25260, 25220 and 25160. This will work if the price shows bearish strength around the 25500 zone.
Always do your analysis before taking any trade.
Note
Taking support. snapshot
Note
Slow but steady. 25900 - 25920 resistance. snapshot

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