Trading ideas for Nov 20th

Dear viewers,

What a great fall..? Finally Nifty failure to cross 5080 level and break the support 5005 and heading at 4989. Good position in Nifty now. Hereafter, Bull day over..?

Today market opening with gapdown. If open below 4950, will test 4920 level. But below 4920 is not possible today. Cos Good support for Bull Nifty is 4920. If break 4920 at any session, we might see 4880 level.

If open above 4950, no more down today. Then Nifty move towards 4985, and trade above with volumes, will take 5005 level. In our view today trade between 4950-5035 level will be expected.

Today nifty try to trade above 5020 level after 2:30 pm.

So trade carefully.

Watch the below levels

4920/4950   4980   5005/5035

PREMARKET CALLS:

Buy Nifty 4935-4950 sl 4920 targets 4985/5005

Sell Nifty 4965-4950 sl 4980 targets 4920/4900

Buy RIL above 2080 sl 2070 targets 2100/2120

Sell RIL below 2080 sl 2090 targets 2060/2040

Buy SBIN above 2280 sl 2270 targets 2300/2320

Sell SBIN below 2280 sl 2290 targets 2260/2240

Buy DLF above 365 sl 360 targets 375/380

Sell DLF below 365 sl 370 targets 355/350

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Happy trading.