Federal Reserve’s dovish statement of putting an end to aggressive rate hike cycles in the coming days lead Nifty for a rally of almost 160 points from the previous day close. Index Manage to close above the Resistance bar of 10817-10830.
Nifty Closed on 10859 ( 30.11.2018)
Nifty opened on a gap note as by the support of dovish stance on upcoming rate cycles and Manage to made a high near to 10900. On the Technical front, Market finds support around 10810-10818 & Nearest upside possible 10960-10986.
Nifty Continuing its bull run for the straight fourth session, 10800-10820 seems to be the crucial level to watch out on downside. Once Index break 10800 their is high chance for a correction towards 10600.
“Those are in long positions strictly maintain stop loss around 10800”
F&O Ban Stocks: NIL
Key Event to Watch
Presidents Donald Trump and Xi Jinping plan to meet at the G-20 summit in Argentina that kicks off on Friday.