Nifty outlook 29 Nov 2023
Closing Range - 19677/19910. Extended range 1 -19592/19995, Extended range 2 -19477/20110
Nifty closed in green & formed a Bullish Kicker with very high volumes. It also managed to close above the imp level of 19875 & re-enter the uptrending channel again. India Vix rose 7.5% indicating high volatility, which is expected ahead of monthly expiry and exit poll on Thursday.
Posible trade: Trade with posiive bias. Level based trading can reward well.
P.S. - 0.5%-1% return on capital can be considered good in intraday. Trade with strict SL within the ranges mentioned above.
Nifty closed in green & formed a Bullish Kicker with very high volumes. It also managed to close above the imp level of 19875 & re-enter the uptrending channel again. India Vix rose 7.5% indicating high volatility, which is expected ahead of monthly expiry and exit poll on Thursday.
Posible trade: Trade with posiive bias. Level based trading can reward well.
P.S. - 0.5%-1% return on capital can be considered good in intraday. Trade with strict SL within the ranges mentioned above.
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