Nifty Update for November 24 - Inder Bhatia

Hourly: The Indian market opened on a positive note and closed with handsome gains. After a smart gain Nifty drifted in to the red zone mid session but saw smart recovery managing to close in the green zone. Nifty had tested our level 2722 mentioned Friday. For coming session Nifty can test 2770-2813 levels. On the lower side 2650-2580 will act as a support zone.

Daily: Last week nifty fell 4.2 percent but broke the seven-day losing trend on Friday, closing with handsome gains. For coming session, if Nifty trades above 2765, it could test 2851-2953. On the daily chart the upper trendline will act as as resistance zone. On the lower side 2540-2520 will act as a support zone. Closing below 2520 it could test 2250. For a clear trend, Nifty has to close above 2976 so it can test 3154-3200 zone.

BUY IBREAL ABOVE 101TGT 110>114 STOPLOSS 93

BUY L&T ABOVE 770 TGT 810>827 STOPLOSS 747.