Charts for 30th November, 2023 Expiry
#safebull , Information , Market
NIFTY 50
View :
After a gain, last week remained highly volatile and range bound. Seems like NIFTY is preparing for breaking a very important resistance zone 19850 – 19900.
Price action on daily time frame looks positive but it is testing 19850 – 19900 levels, so watch out.
On shorter time frame, there is some rejection from top but as long as 19450 -19500 level holds, it will still be a buy on dip for now.
Important Levels
- Resistance – 19850 – 19900
- Support – 19400 – 19500
- No trading Zone – 19700 – 19800
BANKNIFTY
View :
After opening the week on negative note, whole week remained volatile and rangebound near the support zone 43400 – 43500.
On daily time frame, there has been some buying seen on the last 2 sessions, hopefully it is not a selling on rise.
On a shorter time BANKNIFTY is trading near a critical support zone 43400 -43500, if this holds then it should be a buy on dip.
Important Levels
- Resistance – 43800 – 44000
- Support – 43400 – 43500
- No trading 43600 – 43800