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Market Outlook for 17.11.2023

 A Consolidation Friday after achieving our target 19848

Remember on 4th November ,we gave Nifty target 19848 achieved yesterday & a sharp profit booking afterward.


Market Cues :

👍 Gift Nifty flat around 19800

👍 Dow futures up 35 at 34980

👍 US 10 year bond yield down 4.45%

👍 Dollar Index down at 104.38

👍 Crude crashed below $78

👍 FII bought 957 cr 

👍 DII bought 706 cr

🔔 8 Ban Stocks including Manappuram 


Technically :

Nifty PCR up at 1.18 ( 1.16 )

Bank Nifty PCR down at 0.75 ( 0.98 )

India Vix down at 11.65 ( 11.14)


Nifty support : 19689,19641

Resistance     : 19808,19858


Bank Nifty      : 43945,43800

Resistance     : 44258,44300


Any Feedback or query 

WhatsApp : 9437024967

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