Last week, the Nifty, one of India’s prominent stock market indices, showed a significant rebound, recovering by 2.37% from its recent low. This rally has left investors curious about what might be the plan for the coming week.
In this post, we will present our analysis of Nifty and share important levels that will play out during its session starting from 06 November, 2023 on Monday.
Look at the screenshot attached above and mark the important levels given for the next week. The major level which will decide the market movement for the Nifty Index is 19230.
During its session on monday, if Nifty manages to sustain above 19230 resistance level then we can see bullish trend for the whole Week from 06 November 2023 to 13 November 2023.
In case, Nifty rejects from 19230 Resistance Level then we will again see a Sell Off in the Market and a new low can be created. In this case the next support below the Previous Week low will be 18720.
