The Nifty outlook on 21st September

The nifty outlook for 21st September

The last trading session saw the Nifty doing a poor performance. Opened at 5536 and going up to 5581 to settle down at 5554. We can attribute the political climate in the country for the Nifty’ performance. The Asia Pacific too did not aid Nifty. What can we expect from here?.  Today as I write this the Asia Pacific is looking good. It should give the trigger to Nifty to regain some ground lost yesterday.

 The levels to watch today are 5593 and 5618 the Nifty should stay above 5618 and attempt to close above this level.5632 is the next level it may reach if everything goes along well.

On the downside if the traders take the political sentiments seriously, this could pull  the Nifty to the levels of 5510 and 5495.

Pivot levels for 21^st September

                                                      

                                                     

Mid R3          5614     R3             5625

Mid R2          5591     R2             5603

Mid R1          5568     R1             5579

                                                     

Pivot             5557                      

                                                     

Mid S1          5545     S1             5532

MID S2         5521     S2             5510

Mid S3          5498     S3             5486

Happy trading !!