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NIFTY ANALYSIS NOV 2020 -
November 8th 2020, NIFTY CMP was @ 12263.
Had given a clear view about NIFTY moves.
A strong level 13777 plays an important role.
If we look, the upside rally started from 13777.
If we look back in Feb 2021 BUDGET 13777 levels started from these events.
1st target 14441 & 2nd target 15555 got completed on MAY 2021 month itself.
IN THE STOCK MARKET, ONLY SKILL WORKS NOT LUCK - MY GOLDEN WORDS.
TWEETER LINK, ONE CAN FOLLOW FOR ANALYSIS - @Kirtheebane
LINKEDIN LINK - Kirthee Bane
TODAY'S INTRADAY PERFORMANCE -
INFOSYS was not on the radar today.
Post-Market Review -
NIFTY -
1) Today US market has a holiday.
2) There is a GDP announcement this week.
3) NIFTY opened 15437, which was almost a flat opening.
4) MOTA BHAI supported NIFTY to hold today- RELIANCE
5) MARUTI & ULTRACEMCO gave a good rally on the upside supporting NIFTY.
6) MOTA BHAI opened @ 2102 gap opening took a rally of 90 points on the upside till 2191.
7) HDFC TWINS opened a gap down but recovered fast on the upside in the opening session.
8) NIFTY holder 15555 logical level on the closing session.
9) Daily basis technically NIFTY looks bullish.
10) NIFTY is geared to test 15600 levels.
11) NIFTY closing above 15600 will take a smooth ride till 16000 at a logical level.
12) NIFTY might have small pain correction on weekly expiry day only, it's my views.
13) NIFTY breaks 15600 levels in the last closing mins. But could not sustain to close above.
14) In the last closing, NIFTY had a shoot up of 50 points on the upside within 10 mins.
15) This resembles profit booking was done today itself. On closing time fresh buyers have entered.
16) NIFTY had opened @ 14881in MAY 2021, with a low made till 14416.
17) NIFTY made a low of 450 points in MAY month from its opening.
18) NIFTY celebrated ALL-TIME HIGH in MAY month with making new highs.
19) NIFTY made a high of 15606 from its low 14416, which's a nearly 1200 points rally made on the upside.
20) NIFTY hold to close above 15555.
21) MAY month closing are @ higher levels above 15555.
BANK NIFTY -
1) BANK NIFTY had a flat opening @ 35097.
2) BANK NIFTY took good support at 34900.
3) A strong support gave good bounce till 35555.
4) HDFC TWINS gave good Support for BANK NIFTY for the upper move.
5) According to my views NIFTY dragged BANK NIFTY on the upside with less volatility.
6) BANK NIFTY looks bullish on a daily closing basis.
7) In this week BANK NIFTY may face a strong resistance @ 35800/36000.
8) There will be small retracement on the downside, but not yet prepared for down move technically.
9) In the last closing session BANK NIFTY shot on upside 150 points on upside within 5 mins.
10) Profit booking was done & fresh buyers have entered in BANK NIFTY also.
11) BANK NIFTY had a MAY month opening @ 32368, with a low made was till 31906.
12) BANK NIFTY defended to slip down in MAY month.
13) BANK NIFTY rallied till 35584, from its low 31906.
14) BANK NIFTY rallied 3600 points on the upside in MAY month.
15) BANK NIFTY MAY month closing above 35550 levels.
Stay tuned on Blogs,
For upcoming intraday level JUNE 1st.
