Sunday, November 22, 2020

Nifty as on 20_11_20202

Nifty Analysis as on 20_11_2020




Nifty Analysis


Nifty has been in uptrend since 25th September and the prices have been taking support from the upward moving averages.Nifty may retrace and take support from its long term averages.It is a stage of profit booking and prices needs strength to again  gear up and mark new highs above 13K levels.

12,600 can be a support level and Nifty can be range bound here.We can witness a stage of contraction as well the prices and indicators are in opposite direction.

  

 

 



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