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Daily Technical Report For 20/11/2020

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Yesterday, NIFTY witnessed some profit booking on higher levels and closed below the 12800 mark. Now it is trading near the support range of 12750 - 12700, thus the long positions can be held with stop-loss below 12700. On the upside,  NIFTY is facing some resistance near the 13k mark, thus fresh long positions should be taken only above 13k, however we maintain a bullish view for the short term with the target of 13750. The 20DEMA will remain a strong support for the short term, which is placed near 12400.

Today's Picks On 24/11/2020

Share Market Daily Picks Manas Jaiswal

Wipro

Buy

  • 355.85
  • SL: 349
  • TGT: 372
Share Market Daily Picks Manas Jaiswal

Bata

Buy

  • 1504.20
  • SL: 1459
  • TGT: 1585

Nifty Imp Levels For 24/11/2020

Open 12960
High 12968
Low 12825
Close 12926
S 1 12845
S 2 12763
R 1 12988
R 2 13050

Actionable Ideas On Nifty for 24/11/2020

Action SL TGT
Buy above 13000 12900 13200
Sell below 12760 12831 12625
Show Timings
Manas Jaiswal Technical Research Group