Nifty update for 29th November 2021

Good Morning, Everyone. I Hope you have to spend a great weekend and enjoyed your time; now, let get back to work and talk about the first trading session of this week. The market sentiment is negative, and the bear attack is full of throttle. The harmonic PRZ sits on 16,746, which can react as support, but we need a reversal sign from the harmonic PRZ first because the harmonic has multiple levels, so we need a sign for reversal.

India USD and Sgx nifty both are tradings on a negative note. The current CMP is 16,952 means they managed to close lower to 17,000 and break the Phycological support and a sign for a gap down opening.

Intraday Setup for 29th November
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The Key Resistance is 17,300
Intraday Resistance is 17,100
Intraday Support is 16,900
The Key Support is 16,750

Welcome to Bear Market. Stay safe.

Good Luck

Trade closed: target reached