** Nifty & Banknifty Trade setup for 23 Nov **
Market Analysis for 23.11.21 (Tuesday )
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* Nifty 50 *
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Support Area Resistance Area
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1st Support Area : 17294.45-17312.50 | 1st Resistance Area : 17490.30-17509.40
2nd Support Area : 17080.20-17100.20 | 2nd Resistance Area : 17552.25-17564.90
3rd Resistance Area : 17635.15-17647.55
* Nifty Bank *
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Support Area Resistance Area
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1st Support Area : 36669.90-36864.55 | 1st Resistance Area : 37787.95-37926.00
2nd Support Area : 36170.10-36263.60 | 2nd Resistance Area : 38586.00-38677.30
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Expectation : As for tomorrow we should look a place where we want to short the market both nifty and banknifty.
The Trend is Bearish. But at this levels we cannot short because the market is all ready oversold.
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