Nifty Spot View :


Nifty is trading at the lower side from the last few sessions. On 14 November it has formed a hammer kind of pattern, where on the next day it has rallied to 11970 levels in the spot but at the time of closing, the participant dragged it lower.
On the Daily chart nifty is trading above its 20 EMA 11776 & 50 EMA 11560 respectively, therefore these levels could act as a support for nifty in coming trading session.
However, Monday opening is very crucial for the whole day trend if nifty could be able to sustain 11880 levels in the first hour then we can see it rally towards 11970 levels unless there is a possibility nifty could plunge towards 11800 levels on Monday if it trades below 11880 levels only.

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