Daily Nifty50 Analysis

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NIFTY
16/11/2023
Overview- Oil slips on demand shortage from China. Overall markets remain mixed influenced by their domestic factors.

Outlook for 17/11/2023- Nifty50 showed great momentum after a flat opening. Flay openings are the best scenarios for option buyers as the market has chances of movement. Nifty is in a clear uptrend with important resistance at 19872 levels while support at 19724 and 19715 levels. Fridays are generally sideways so its better to approach tomorrow with patience.

Note- This is purely an Educational Analysis and not Investment advice.