Techsavvy Money Trading Calls 24th November 2017 - Herbal Health

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Friday, 24 November 2017

Techsavvy Money Trading Calls 24th November 2017

24th November 2017
expert%2Bcalls%2B2Volatility likely to persist, buy near 10330: Nifty made a higher high and a lower low yet again in yesterday’s trading session which witnessed a lot of volatility on account of weekly Banknifty options expiry and ended in the green by a meager margin. The index also shut shop above all important shorter term simple moving averages for the third straight session, indicating positivity, however with the index making wider trading ranges from the past two sessions and ending on a flat note could also mean distribution. Going into today’s session, volatility is likely to prevail even today as the volatility index is also making an up move. The important thing for the Nifty would be to close above 10360-10380 zone crossing which levels like 10420-10450 will open up. The index has also formed a Bullish Head & Shoulder pattern on daily charts and the neckline for the said pattern is around 10360 which becomes an important level to watch out for during the day. On the flip side, a conclusive slide below immediate supports around 10280-10260 zone could initiate a profit taking move which could drag the Nifty towards its next supports around 10220-10200

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