Thursday 22 November 2012

Trading the nifty on 22nd November


Trading the nifty on 22nd   November

From the chart we can observe the Nifty is trying to make a comeback. It is very difficult to say anything about Nifty, unless we have a confirmation signal.

From here onwards we can expect the Nifty to 5640 and 5659. On the lower side 5590 is a good support level followed by 5571. Pivots for 22nd November is posted below.

NIFTY
Classical
Camarilla
Fibonacci
DeMark
Resistance 4

5647


Resistance 3
5695
5631
5658

Resistance 2
5658
5626
5635
5658
Resistance 1
5636
5620
5621
5636
Pivot Point
5599
5599
5599
5599
Support 1
5577
5609
5576
5577
Support 2
5540
5604
5562
5540
Support 3
5519
5599
5540

Support4

5582



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