I have to repeat what I have wrote
yesterday. The Nifty is behaving as expected. The Nifty is in Bearish zone. From
here too there is more downside as the major other markets are also in the red.
From a gap down like opening we cannot
expect a good show from Nifty.
From this point onwards, 5606 is a good
support level. If this is broken levels of 5587 and 5568 can be tested. On the
upper side 5625 is an important level to observe.
NIFTY
|
Classical
|
Camarilla
|
Fibonacci
|
DeMark
|
Resistance 4
|
5657
|
|||
Resistance 3
|
5702
|
5644
|
5677
|
|
Resistance 2
|
5677
|
5640
|
5658
|
5677
|
Resistance 1
|
5654
|
5635
|
5647
|
5654
|
Pivot Point
|
5629
|
5629
|
5629
|
5629
|
Support 1
|
5606
|
5627
|
5610
|
5606
|
Support 2
|
5581
|
5622
|
5599
|
5581
|
Support 3
|
5558
|
5618
|
5581
|
|
Support4
|
5605
|
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