Nifty Support Resistance 21Nov23

20 nov 2023

Support Levels:
1. 19675: This is a strong support level. If the market experiences a decline, it could find significant support around this level.
2. 19600: Another support level to monitor. If the market breaks below 19675, this level may come into play.

Resistance Levels:
1. 19727: This is the first resistance level. If the market opens between 19727 and 19675, it may act as a pivot zone. If it opens above 19727, it could act as support.
2. 19833: This is a significant resistance level. If the market sustains above 19727, it may indicate a potential move towards higher levels.

Important Notes:
- As with any trading, it's essential to consider other factors such as news events, economic data, and global events that can influence the market.
- Market conditions can change rapidly, so having a well-defined trading strategy and using risk management tools, like stop-loss orders, is crucial to manage potential losses.
- Pay attention to price action and technical indicators to confirm potential breakouts and reversals.