The Nifty outlook for 28th September

The Nifty outlook for 28^th September 

The Asia Pacific region was looking good today so was the European markets. But these did not help us. The Nifty opened at 5673 but after gaining 20 points I came to settle at 5649  this is not much of a trading.

The new pivot point is 5661 not much different form yesterday. If the nifty manages to stay above the pivot of 5661 then it could climb to see the levels of 5695 and 5708. On the lower side if it trades below the pivot it could signal a weak market and pull the nifty down to 5620 and 5607 levels

Nifty pivots for intraday traders .

Mid R3          5726       R3              5736

Mid R2          5699       R2              5715

Mid R1          5672       R1              5682

Pivot             5661

Mid S1          5645       S1              5628

MID S2         5618       S2              5607

Mid S3          5591       S3              5574

Happy trading!!