Intraday market outlook for 24November

As usual, our market view going 100% accurate even in volatile markets and Nifty following our levels and making you all earn in any kind of market. The Market view provided by us this week, also turned out to be 100% accurate. Told on Sunday that nifty fut range 5810-6065, and we hope all of you must have watched crash from 6037 to 5821 & then bounce back from 5821 to 5965. In last three trading days profit in nifty fut is almost 500pts. Our habit of predicting accurate market view must have become an addiction for all of you visiting here. Keep minting money with us, in any kind of market. We always say, don't go with bulls/bears, stay with levels and earn in both kind of markets. CLICK HERE to read what we said on Sunday.

Moving on to Wednesday 24November, on the upside movement, the major hurdle for bulls is at 5980 level , which is not been crossed yesterday also and this level is now a barrier for an explosive up move. However for intraday an intermediate resistance is at 5955 level also. Taking the broader side, if Nifty manages to cross & hold above 5980 level then one should pack the bags for a upside ride & we can see levels of 6014-6045-6065. In the meantime the more time Nifty fut trades below 5980 and is unable to cross this, the more it will become harder for bulls to cross it, so all traders must trade with levels and not with sentiments. If bears are able to hold nifty on downside below 5920 level for some time, then we can expect some downside movement in markets. In intraday today Nifty fut have support at 5920 level, breaching this level markets can tank down to 5884-5840-5810. However, if today bulls manage to gain strength and comes up again above 5980 level on closing basis, then it will favour the bulls in coming days, but one must not get trapped in any intraday rally & must not create fresh longs at higher levels, as this rally can fizzle out any time sharply.

In coming days we can see some crucial and unexpected moves in markets, so all traders must stay hedged properly for all their long/short positions. In current scenario, trading with the levels is the best thing to mint money. Those who run behind the expiry targets, day closing targets etc etc , will be trapped badly and will miss the opportunity to earn profits from both up-down sides of markets. After sustaining above the 5810 support levels for last two days, bulls are having high hopes and now only major hurdle is sustaining above 5980, and once its done , we will see bulls taking a rocket ride of 50-85pts with a support at 5810 levels. Break below 5810 will favor the bears for a stronger grip over the market. So all traders must keep a watch on these levels and must trade accordingly with their own wisdom.

Nifty Levels

• Resistance - 5980-6014-6045-6065
• Support - 5920-5884-5840-5810

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