NIFTY Outlook 28th November to 2nd December 2022

Markets globally are looking positive due to noises growing within US Fed for loosening of the hawkish grip and slowing down of the rate hike tantrum. Sensex already made a new high and Nifty has given its highest ever monthly close last month and highest ever weekly close this week. Things right now are looking good but last week of the month can bring in some volatility and Profit booking.

Important Resistances: 18535, 18604 and finally 18984. Long Term target of Nifty 19536.

Important Supports: 18450, 18340 and finally 18133. 17973 will be a major support from now.