Nifty and Bank Nifty Report : 26th November 2019

Insignia Consultants

New Delhi

Tuesday, November 26, 2019

TIME 8:36 AM IST                             

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NIFTY AND BANK NIFTY Technical Report

Developments in Maharashtra and its impact on Indian political scene will be closely watched. It can increase intraday volatility. Global factors are bullish for stocks. Look for signs of trend reversal.

NIFTY SPOT					12,073.75
S3	S2	S1		R1	R2	R3
11,791.90	11,932.83	12,007.23		12,140.27	12,214.68	12,355.60
BANK NIFTY SPOT					31,555.90
S3	S2	S1		R1	R2	R3
30,824.70	31,190.30	31,383.34		31,728.46	31,921.50	32,287.10
All technical are for reference only

Nifty (spot): (current 12073.75)

Nifty needs to trade over 12013.40 today to rises to 12169.30 and 12269.70. Sellers will be there below 12013.40 to 11935.80 and 11809.90.

Bank Nifty (spot): (current 31555.00)

Bank nifty needs to trade over 31396.50 today to rise to 31681.40. Big resistance is at 31681.40. There will be a technical breakout if bank nifty (spot) manages to break and trade over 31681.40 to 32245 and 32569. Sellers will be there below 31396.50 to 309777.10 and more.

Momentum and trend is very bullish for nifty and bank nifty. Thursday USA markets are closed for Thanksgiving. Black Friday for global stock markets historically has big surprises.

Happy Stock Hunting

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees  have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. Website www.insigniaconsultants.in. Prepared by Chintan Karnani

Disclosure: Everyone in team Insignia Consultants makes investment in delivery based trades on stocks listed in BSE and NSE.

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NOTES TO THE ABOVE REPORT

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