NIFTY FOR TOMMOROW -14 Nov 22 - 18 Nov 22

Weekly Chart

Nifty opened this week with a Slight gap @ 18211 vs the previous week's close @ 18157.

During the week it slides lower only to take support at positional levels @ 178950, and bounces from there to close near the week's high.

Week's Candle: Indecisive candle( Hanging man types)

Next week's opening Probability: Gap up or gap down

Volatility: indecisive candles near high suggesting increased volatility.

Positional Support @ 17850- 17950

View: Positive - as long index trades above 17850.


Daily Chart
Nifty 50 opened with a gap of approx 285 points, that's a huge opening controlled by the bulls.

Since Opening prices sustained the gap and moved slowly to the upside and closed near the day's High. i. e 18349.70

Current levels:18350
Immediate support @ 18160-18200
Immediate Resistance @ 18550
View: Buy on a dip near support levels.