Nifty Analysis for 16th November

Nifty Analysis for 16th November;

As per our previous analysis Nifty opened with Gapup and ReTested 18130 and closed above 18080 which is a good support.

Now 18080-18140 is a consolidation zone, if any 15 min candle closes above 18140 will lead to bull run, if any 15 min candle closes below 18080 will lead to nifty fall.

Super Bull run of nifty will happen only if nifty day candle should close above 18250.

Immediate support at
18040-18080 zone

Next support at
17950

Immediate Resistance at
18130-18150 zone

Next Resistance at
18250