Thursday 1 November 2012

Trading the Nifty on 1st November


Trading the Nifty on 1st November

The Nifty levels for today’s trading does not differ much from yesterday. On the upper side it has to pass the levels of 5624 and 5634. On the downside 5597 and 5584 are some possibilities. On the chart the Nifty still looks weaker.

The below given chart is for day traders valid for 1st November

NIFTY
Classical
Camerilla
Fibonacci
DeMark
Resistance 4

5642


Resistance 3
5676
5631
5650

Resistance 2
5650
5627
5635
5650
Resistance 1
5635
5623
5625
5635
Pivot Point
5609
5609
5609
5609
Support 1
5594
5616
5593
5594
Support 2
5568
5612
5583
5568
Support 3
5552
5608
5568

Support4

5597



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