Tuesday 20 November 2012

Trading the nifty on 20th November



The Nifty looks really weak on the charts. There is nothing much can be written about nifty except it is  on the downtrend. The major resistant level is 5587. Crossing this  level can take Nifty up to 5600 level. The  support is at 5568 with the next level at 5550.

NIFTY
Classical
Camarilla
Fibonacci
DeMark
Resistance 4

5595


Resistance 3
5637
5583
5615

Resistance 2
5615
5579
5598
5615
Resistance 1
5593
5575
5588
5593
Pivot Point
5571
5571
5571
5571
Support 1
5550
5567
5555
5550
Support 2
5528
5563
5544
5528
Support 3
5506
5559
5528

Support4

5547



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