pravinmangalam

NIFTY VIEW for 5/NOV/2019

NSE:NIFTY   Nifty 50 Index
Today We saw a mixed day, by EOD we saw the rejection from upside and it is reflected on the daily chart .
Our levels worked very well today too.

What Next?

Today it has formed a shooting star kind of candle but not perfect, basically we consider this candle as sign of reversal when market traded near to the resistance zone .
But nowadays sentiment is positive then I am also expecting it to hold 11950 level and go high at least 12000.
But if it breaks below 11900 then we should look for 11850 and this is the again good buying point.

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