Morning Outlook: The benchmark Sensex and Nifty indices are likely to flat on November 30 as trends in the GIFT Nifty indicate a neutral start for the broader index with a gain of 5 points By Choice Broking
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Below View On Morning Outlook for 30th November 2023 By Choice Broking
The benchmark Sensex and Nifty indices are likely to flat on November 30 as trends in the GIFT Nifty indicate a neutral start for the broader index with a gain of 5 points.
According to the charts Nifty may be taking support at 20,050, followed by 20,000 and 19,950. On the higher side, 20,150 can be an immediate resistance, followed by 20,200 and 20,300.
The charts of Bank Nifty indicate that it may get support at 44,200, followed by 44,000 and 43,900. If the index advances, 44,750 would be the initial key resistance level to watch out for, followed by 44,800 and 45,000.
Foreign institutional investors bought shares worth Rs 71.91 crore, while domestic institutional investors purchased Rs 2,360.81 crore worth of stocks on November 29, provisional data from the National Stock Exchange showed.
Today, on the monthly expiry, we can expect the market to move flat to bullish, with the Nifty at 20,200 as resistance. If the Nifty rises above 20,200, we may see a rapid rise in the December series, with fresh all-time highs nearing 20,400 and higher.
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