Trading the Nifty on 11th September

Trading the Nifty on 11^th September

Although 5400 level is within the reach of Nifty it has to cross two important levels of 5375 and 5387. The markets of Asia pacific may play an important part in the direction of Nifty. Yesterday’s chart does not speak well of Nifty. If the nifty weakens it could see level of 5350 and 5338. In my opinion it is better to wait and see for the nest two trading sessions, to assess the Nifty.

I give below the pivot levels  for Tuesday 11^th September.            

                                              

Mid R3       5396     R3           5403

Mid R2       5383     R2           5389

Mid R1       5369     R1           5376

                                              

Pivot           5363                   

                                              

Mid S1        5356     S1            5350

MID S2       5343     S2            5336

Mid S3        5330     S3            5324

THE MARKET SUMMARY ON 10^th MONDAY

NIFTY	5363.45
JUNIOR	10152.1
NSEDEFTY	3353.7
NSE500	4217.85
NSEMIDCAP	7254.5
NSEIT	6361.9
BANKNIFTY	10069.85
MIDCAP50	2046.85
NSEESG	3372.56
NSESHARIAH	1200.36
SHARIAH500	1283.32
NSEINFRA	2272.7
NSEREALTY	203.4
NSEENERGY	7784
NSEMNC	5592.6
NSEPHARMA	5799.25
NSEPSE	2876.25
NSEPSUBANK	2757.6
NSESERVICE	6333.15
NSEFMCG	13693.5
NSE100	5233.35

The world indices  on 10^th September

CAC 40	3,506.05
FTSE 100	5,793.20
DAX	7,213.70
BSE 30	17,766.78
Nikkei	2258,791.83
STRAITS TIMES INDEX	3,005.
HANG SENG INDEX	19,709.99
Dow	13,254.29 4

Happy trading!