PRE MARKET ANALYSIS OF NIFTY FOR 27 NOV 2024

27 NOV 2024
WORLD MARKETS
1. World Markets are looking neutral to bullish.
INDIA VIX AND GIFT NIFTY
1. India VIX is still above 15. This indicate more volatility.
2. GIFT Nifty is indicating a flat opening.
INDEX HEAVY WEIGHTS
1. HDFC Bank is bullish. It has support at 1775. Break of 1770 will be bearish.
2. ICICI Bank has support at 1300. Any break of 1290 will be bearish.
3. Reliance has s support at 1285. Break of 1280 will be bearish.
TRADING PLAN
1. NIFTY OPEN BETWEEN 24255 - 24134: NO TRADE.
2. NIFTY OPEN ABOVE 24255: Wait for a consolidation and break above 24350 decisively.
3. NIFTY OPEN BELOW 24134: 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.