Thursday, November 28, 2019

OPTION CALL PUT TIPS & NIFTY VIEW FOR 29 NOV 19


Nifty opened with an upside gap for the fourth consecutive session and remained in the positive territory throughout Thursday’s session. Continuing their record-breaking streak, markets hit new highs today. The Sensex settled 109 points higher at 41130, a new closing high. Intra-day it rose to a new high of 41163. The Nifty also settled at a new closing high of 12154.
Nifty is sustaining well above the breakout level of the Bullish Pennant pattern and is poised for further rally towards the 1200-12,300 zone in the coming sessions. Now, the previous swing high of 12,103 shall act as an immediate support for the index. Below this level, a major support remains intact in the 11975–12000 zone. As long as Nifty holds above 12,103 level, we will continue our bullish stance and advise traders to use intraday declines as a buying opportunity as the bullish momentum is likely to continue.
More about intraday tips on Google +
Resistance: 12200, 12250, 12300
Support: 12100, 12050, 12000 

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