Trading the Nifty on 30th
October 2012
From the charts we see a doji formation
which is interesting event. We need to have more confirmation signal in the
following trading session. Today the Europe was in the red and Asia pacific was
sending out mixed signal. The Nifty is still in the bearish zone indicating
painful days ahead.
The levels to look for on the upper side
are 5695 and 5720. On the lower side 5644 and 5620. Nifty touching 5620 would
mean lower levels are possible.
The pivot levels for October 30th.
|
NIFTY
|
Classical
|
Camarilla
|
Fibonacci
|
DeMark
|
|
Resistance 4
|
5695
|
|||
|
Resistance 3
|
5747
|
5680
|
5723
|
|
|
Resistance 2
|
5723
|
5675
|
5703
|
5723
|
|
Resistance 1
|
5694
|
5670
|
5690
|
5694
|
|
Pivot Point
|
5670
|
5670
|
5670
|
5670
|
|
Support 1
|
5641
|
5661
|
5649
|
5641
|
|
Support 2
|
5616
|
5656
|
5637
|
5616
|
|
Support 3
|
5588
|
5651
|
5616
|
|
|
Support4
|
5636
|
Happy trading
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