Trading the nifty on 23rd
November
As I write this blog the Asia pacific
has opened in the green except Shanghai. From yesterday’s chart we see a Doji. Therefore the current trend needs
confirmation signals. For the traders I would say to wait till nifty crosses
5643 with good volume and enter trade. Targets of 5659 and 5678 can be
expected. If the Nifty loses ground, say if it opens below 5625 which is a
good support level levels of 5609 and 5590 can be tested.
The below posted pivots are valid for 23rd
November and happy trading!
|
NIFTY
|
Classical
|
Camarilla
|
Fibonacci
|
DeMark
|
|
Resistance 4
|
5647
|
|||
|
Resistance 3
|
5680
|
5637
|
5662
|
|
|
Resistance 2
|
5662
|
5634
|
5648
|
5662
|
|
Resistance 1
|
5645
|
5631
|
5640
|
5645
|
|
Pivot Point
|
5626
|
5626
|
5626
|
5626
|
|
Support 1
|
5609
|
5625
|
5613
|
5609
|
|
Support 2
|
5591
|
5621
|
5605
|
5591
|
|
Support 3
|
5574
|
5618
|
5591
|
|
|
Support4
|
5608
|
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