PRE MARKET ANALYSIS OF NIFTY FOR 26 NOV 2024

26 NOV 2024
WORLD MARKETS
1. world Markets are up and looking bullish.
INDIA VIX AND GIFT NIFTY
1. India VIX is down 5 %. Indicating reduction in volatility.
GIFT NIFTY is indicating a 40 points down tick at 24180.
INDEX HEAVY WEIGHTS
1. HDFC Bank is above all time high. However it will consolidate here before taking off.
2. ICICI Bank is trading above 1300. It has a target of 1325.
3. Reliance is turning bullish. Any open above 1310 will be bullish.
TRADING PLAN
1. NIFTY OPEN BETWEEN 24280 - 24162: No trade.
2.NIFTY OPEN ABOVE 24280: Wait for a consolidation and move above 24350 decisively.
3.NIFTY OPEN BELOW 24160: Wait for a consolidation and break below 24100 decisively.

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.