Trading the Nifty on 13th September

The Nifty outlook for 13th September

 

The nifty has moved along the predicted levels. It had opened above the pivot levels and touched 5435 and closed at 5431. The strength of Nifty is good. What can be expected from here?

If the nifty maintain its bullishness and crosses 5448 then levels of 5460 and 5485 are possible. We have to bear in mind the Nifty may witness some resistance now because it is nearing its previous highs.

On the lower side if it trades below 5420 then it may find support at 5412 and 5400

I give below the pivot levels for 13^th September

                              

                                             

Mid R3      5475   R3          5488

Mid R2      5454   R2          5462

Mid R1      5433   R1          5446

                                             

Pivot          5420                 

                                             

Mid S1       5412   S1          5405

MID S2      5392   S2          5379

Mid S3       5371   S3          5363

Happy trading !!