PRE MARKET ANALYSIS OF NIFTY FOR 14 NOV 2024

14 NOV 2024
WORLD MARKETS
1. US markets are consolidating. Asia and Europe is bearish.

INDIA VIX AND GIFT NIFTY
1. India VIX is above 15.4 indicating increase in volatility.
2. GIFT Nifty is indicating a flat opening.
INDEX HEAVY WEIGHTS
1. HDFC Bank has strong resistance at 1690 - 1700. Next support is at 1650.
2. ICICI BANK has resistance at 1260. Next support is at 1230.
3. Reliance has strong support at 1230 levels.
TRADING PLAN.
1. NIFTY OPEN BETWEEN 23660 - 23460: Sell any rally to 23750 and break below 23660. Tgt 23450.
2. NIFTY OPEN ABOVE 23660: Wait for a consolidation between 23750 - 23660 and break below 23650 decisively.
3.NIFTY OPEN BELOW 24450: Sell any rally to 23650 levels.
DISCLAIMER
1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
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