** Nifty & Banknifty Analysis for 22 Nov **
We can be rich only by adding value to someone's life.
Chose your Risk Reward ration wisely.
Market Analysis for 22.11.21 (Monday )
*******************************************************
* Nifty 50 *
---------------------
Support Area Resistance Area
--------------------------- -----------------------------------
1st Support Area : 17578-17536 | 1st Resistance Area : 17875 - 17857
* Nifty Bank *
------------------------
Support Area Resistance Area
----------------------------- ----------------------------------
1st Support Area : 37723-37823 | 1st Resistance Area : 38431 - 38292
2nd Support Area : 37218-37317 | 2nd Resistance Area : 38926 - 39114
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Expectation : As for tomorrow we should look a place where we want to short the market noth nifty and banknifty.
The Trend is Bearish. But at this levels we cannot short because the market is all ready oversold.
---------------------------------------------------------------------------------------------------------------------------------------------------------------
If want to know my Trading Approach for tomorrow. Please stay connected with me.
Jai Hind.
Disclaimer:
This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.
Chose your Risk Reward ration wisely.
Market Analysis for 22.11.21 (Monday )
*******************************************************
* Nifty 50 *
---------------------
Support Area Resistance Area
--------------------------- -----------------------------------
1st Support Area : 17578-17536 | 1st Resistance Area : 17875 - 17857
* Nifty Bank *
------------------------
Support Area Resistance Area
----------------------------- ----------------------------------
1st Support Area : 37723-37823 | 1st Resistance Area : 38431 - 38292
2nd Support Area : 37218-37317 | 2nd Resistance Area : 38926 - 39114
-----------------------------------------------------------------------------------------------------------------------------------------------------
Expectation : As for tomorrow we should look a place where we want to short the market noth nifty and banknifty.
The Trend is Bearish. But at this levels we cannot short because the market is all ready oversold.
---------------------------------------------------------------------------------------------------------------------------------------------------------------
If want to know my Trading Approach for tomorrow. Please stay connected with me.
Jai Hind.
Disclaimer:
This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.
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