Trading the nifty on 26th November

Trading the nifty on 26th   November

All the Asia Pacific markets have done well. The DOW too has moved up on the last closing day. We a good reason to expect a good opening on Monday. The political factor in the India has not contributed much to the trading of the Nifty  in the last session. The SMI  has clearly started showing sings of reversal.

From hhere we can expect the Nifty to touch the levels of  5640, 5656. On the downside  a good support exists at 5625 and 5606.

The pivot levels for 26^th November

NIFTY	Classical	Camarilla	Fibonacci	DeMark
Resistance 4		5651
Resistance 3	5689	5639	5664
Resistance 2	5664	5635	5647	5664
Resistance 1	5645	5631	5636	5645
Pivot Point	5619	5619	5619	5619
Support 1	5601	5623	5602	5601
Support 2	5575	5618	5592	5575
Support 3	5557	5614	5575
Support4		5602

Happy trading!

Trading the nifty on 23rd November

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 23^rd 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