Nifty, Share Market Prediction 23-11-2021

Nifty Prediction 23-11-2021 Trend remains down for now but there are good individual stock opportunities that are opening up post this correction.

Nifty Trend

Down

Resistance

17800

Support

17200

Bank Nifty Trend

Down

Resistance

38300

Support

36700

Nifty Prediction and commentary

In our previous update, we had clearly mentioned that trend is down for the short term and overall it will be prudent to make money off the table. Our near-term working target for the Nifty was the 17200-17500 area and we are nearing that zone now.


Overall, there are now selective opportunities in certain stocks both on the trading side as well as the positional delivery side so the market from here on will be extremely stock specific. The area marked on the chart is a support zone.


Nifty Prediction for tomorrow

As usual, if you are only trading on the basis of this post please use your own risk management and then only trade. Please do not over-trade and always keep your risk in check.


Regards,


Glen Drago

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