Daily Nifty50 Analysis

NIFTY
29/11/2023
Overview- Economists see India's GDP growth slowing in the fourth quarter at 5 to 5.5% compared to 6%. Indian stock market capitalization reaches $4 trillion as Sensex zooms.

Outlook for 30/11/23- Nifty50 showed a strong rally on 29th as it nears its all time high. This comes as a respite to traders as they did no enjoy any clear luck lately due to sideways markets. Nifty is quite bullish for its expiry, support at 20064, 20044 and 20008 levels while an important support at 19840. While resistance is at 20114 and 20220 levels. After such a strong rally its better to wait and let the markets play out before entering in trade.

Note- This is purely Educational and not an Investment Advice.