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Nifty And Bank Nifty Future


What To Expect On 27th NovemberFinally another eventful expiry after a long time. I always tell you all that I prefer the market when it does something. Today again it has shown great intraday swing, so it was a great day for Nifty or Bank Nifty traders. First check what I have written yesterday at Nifty And Bank Nifty Future - What To Expect On 26th November?.

Written in Nifty future bulls are there only above 5125, that level never came. Written below 5080 it is weak, and will touch 5052/5035 in intraday panic. It did. For serious traders I also publish daily Pivot levels. Now how to trade them, are given in my previous articles. If you see price not stopping even in daily R3 or S3, just watch for next weekly level for the immediate support resistance. Just see today Nifty future could not hold daily S3 of 5024, means it will stop only at next weekly support. Weekly S1 was at 4982, now if you have not noticed the day low at 4978.15 it is definitely your fault. My subscribers were holding Nifty 5100 PE from 17 rupees and saw it zoomed 100 rupees in extreme market movement.

In Bank Nifty future written below 9295 we will see retesting of 9251/9227/9147. We saw all them achieved in hours only, it crashed to 9056 in extreme weakness. My subscribers were short from 9265 levels, and got intraday gains of 200+ points. I hope normal blog readers also could make decent gains in Nifty or Bank Nifty future.
Now what to expect tomorrow? Nifty future above 5008 can zoom upto 5044/5052. Now if can't cross 5009 and trades below 5000, we are definitely going to see 4979/4971. Now if 4971 gets broken be prepared for a bloodbath till 4937/4919. I dont want to disclose, what is waiting above 5052 or below 4919. More details will be available to the Nifty pack subscribers.
Bank Nifty future above 9099 will touch 9147 in no time. But then?? Below 9013, we will see 8963/8878. But then?? Intraday updates will be available to the subscribers. Till it can't sustain above 9147, sell on every intraday rise.
Nifty future important levels for Friday, 27th November:
R3 5213, R2 5160, R1 5083, Pivot Point 5030, S1 4953, S2 4901, S3 4823.
DISCLAIMER: Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be used as investment advice. we assumes no responsibility or liability from gains or losses incurred by the information herein contained.