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Daily Report 28-11-2019
Daily Report 28-11-2019
Date:28-11-2019
Nifty50:
Nifty has shown strength by closing above 12000 consecutively. This means 12000 levels will
act as strong support. Nifty needs to breach 12135 in order to continue its bullish momentum.
As per derivative data, Nifty faces resistance at 12150-12200 levels However Nifty has strong
supports at 12100 and 12000 levels. A break either side of the range and we can see a healthy
move.
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Bank Nifty:
BankNifty made a new 52 week high yesterday and now can reach 32000 levels if there is follow
on bullish interest. Bank Nifty is highly bullish and has its supports at 31700 and 31600.
As per derivative data Bank Nifty 31900 will be the level to breach, once that is done BankNifty
has its next resistance at 32300. Bank Nifty supports lie at 31800/31700.
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