Our Team experienced Traders at Trader Singh have brought to you the Trade Setup for Tuesday, 7 Nov 2023 in Nifty, Bank Nifty & Finnifty as follows:
Nifty
Look for Bearish opportunities if market rejects the level 19437. You can stay bullish if it breaks the level 19437 and sustains above it.
Bank Nifty
Our analysis indicates a bullish outlook for the Bank Nifty index today upto the resistance level 43700. And then, it may fall for a big retracement downwards.
Bearish Setup & Targets
Buy above 43650 for a small target upto 43700. And the look for Bearish Setup at the resitance.
Bearish Targets:
First Bearish Target: 43530
Finnifty
Look for Bullish Entry if market is sustaining above 19518 for the first half and only go for short trades at the resistance level 19590.
Finnifty is expected to have a mixed or uncertain start. It’s important to observe market behavior around this index to understand its potential support and resistance levels for the day.
Remember, the market can change swiftly, so it’s advisable to carefully observe these support and resistance levels while making any trading decisions.
