Nifty opened positive, and made an all time high of 12132, that was close to the previous high made on election day. Could not sustain high levels and towards 2nd half came down to 12006 and closed at 12037.
Technically Nifty made a second top today, and closed in the red. It need to cross the today's high and sustain for the comforts of the bulls,
On the face...
As discussed yesterday , range day converted to trend day above 31122 and broke resistance to close at high. Call buyers above 31222 and put sellers gained handsomely.
Key Levels for tomorrow -
Pivot range for decision making - 31322-31480
Resistance - 31754
Support below pivot range - 31207
Expectation - Rangebound for first half , sharp rally in afternoon...
Bank Nifty Analysis for 25 Nov 2019
Bank nifty core pivot range for the day remain at 31145-31222. If bank nifty manages to stay below the pivot range for 1 hour , shorting bank nifty for 30980 is viable option. Stop will remain somewhere between the mid range of pivot that is 31180. Range bound day between support of 30980 and pivot range of 31145-31222 will...