Trading the nifty on 21st November

Trading the nifty on 21st   November

There is no major change in the  status of the  Nifty. While the European markets have tried to  hold the ground. The American market has not. Therefore there is no major trigger for Nifty at  this stage. Although a pullback can happen at any time, we have to consider the local conditions, especially the political ones.

The Nifty can go further up if it opens positively to the level  of 5606 and 5625. But if the  current trend continues it  could find support at 5550 and 5531

NIFTY	Classical	Camarilla	Fibonacci	DeMark
Resistance 4		5607
Resistance 3	5673	5590	5643
Resistance 2	5643	5584	5618	5643
Resistance 1	5607	5578	5603	5607
Pivot Point	5578	5578	5578	5578
Support 1	5542	5566	5553	5542
Support 2	5513	5560	5537	5513
Support 3	5477	5554	5513
Support4		5536