Market Decoder
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STOCK MARKET| #NCFM _CERTIFIED_TECHNICAL ANALYST


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Both Nifty n BN levels are done
Nifty next level 24373
Nifty Resistance 24240 , 24290 and 24373
Supports 24160
❀1
Bank nifty 52120 and 51780 is the range , either side breakout ll decide the direction
Nifty next support 24110 and 24050
image_2024-11-12_12-49-03.png
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Banknifty made a double top falling
Surprised to see 50700, 50600, 50500 PE are getting Unwinding
If 51230 , fall can extend towards 50890
πŸ‘3
Nifty support at 23740 and 23580
❀2
Banknifty 51000 support
Resistance 51445 and 51550
πŸ”₯3
50280 and 50000 are next supports
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If 50630 broken then 50000 expected today or tomorrow
πŸ”₯2πŸ‘1
Nifty if closes below 23800 this week , then next support 23220 , 22775, 21710 is possible
Banknifty struggled to cross 52500 for last weeks, if closes below 50220 then 49600 and 48600 is easily possible.
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Tata motors Buying levels 800, 770 and 650 (don’t miss levels)
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Adani Power 495 , 440 and 415 good supports
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*Starting November 29, 2024, NSE will introduce F&O contracts on 45 additional scrips, including notable names like Jio Financial Services, Zomato, & Dmart. This inclusion opens up the possibility for these companies to eventually secure a spot in the Nifty.*